SWEDEN/AUSTRALIA: Wholesaler Beijer Ref has entered into an agreement to acquire 100% of Armcor Air Solutions, a Victoria-based manufacturer and supplier of HVAC equipment.
Established in 1978, Armcor is specialised in energy efficient fresh air solutions and energy-recovery systems. The company has 37 employees and has a good profitability with annual sales of approximately SEK105m (US$12.2m). Their main facility is based in Broadmeadows, Victoria.
Beijer Ref says the acquisition will expand its offer and provide a complete suite of HVAC equipment. It also provides the Beijer Ref organisation with new competencies as well as access to a segment they have not previously been present in.
The post Beijer Ref buys Australian company Armcor appeared first on Cooling Post.
source https://www.coolingpost.com/world-news/beijer-ref-buys-australian-company-armcor/
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