Grafton Group to acquire Mercaluz in Spain for up to €175 million

Grafton Group plc has agreed to acquire Mercaluz, a Spanish distributor of air conditioning equipment, for a maximum of €175 million, anticipated to be approximately €165 million on a cash and debt-free basis. The acquisition is subject to regulatory approval.

“This acquisition, subject to regulatory approval, is expected to be earnings enhancing in its first full financial year and will strengthen Grafton's position in the growing Iberian HVAC market.”investegate.co.uk

• 1 source
• investegate.co.ukAgreement to Acquire Mercaluz in Spain | Company Announcement | InvestegateInvestegateMar 19, 2026

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