Beijer Ref has signed two new agreements to acquire Clima Solutions, a HVAC supplier based in Auckland, New Zealand, and Patton Albury, a wholesaler based in Albury, Australia.
Clima Solutions is a distributor that provides chillers, associated equipment and industrial applications to the HVAC market.
Clima Solutions offers efficient and eco-friendly solutions that are optimized for different types of low-GWP refrigerants. With over 17 years of experience in the market, Clima Solutions has an impressive work history that includes airports, hospitals, hotels and office buildings.
The company’s annual sales amount to approximately $US3.9 million. Clima Solutions will be integrated into Beijer Ref New Zealand.
The Swedish wholesaler has also finalised the acquisition of outstanding shares (40 per cent) of Patton Albury. Patton Albury offers a wide assortment of high performance and energy efficient products.
Patton Albury was established in 2010 as a joint venture with Patton Australia, a subsidiary of Patton, the New-Zealand-based wholesaler acquired by Beijer Ref in 2015.
Patton supplies Panasonic, Gree and Mitsubishi Electric air conditioners with annual sales around $US3.3 million.
The company will be integrated into Beijer Ref Australia.
Both acquisitions will have a minor impact on the Beijer Ref Group’s results.
Beijer Ref CEO, Christopher Norbye, said there are strong synergies between Clima Solutions and Beijer Ref New Zealand.
“With a solid order book already in place for 2022, we look forward to further accelerate and expand this business. Also, it feels great to have completed the acquisition of Patton Albury,” he said.
“They have a dedicated team with extensive knowledge within the HVACR market. The combination of these two acquisitions further expands our portfolio in Oceania and presents great opportunities for our customers.”