Beijer Ref acquires Spanish HVAC distributor Lumelco SA

Swedish refrigeration wholesaler Beijer Ref acquired Lumelco SA, a Madrid-based distributor of Mitsubishi Heavy Industries air conditioners, with 65 employees and 2017 sales of SEK400 million (€38.5 million). The acquisition strengthens Beijer Ref's HVAC business in southern Europe.

“Describing the acquisition as being in line with its plans to grow its HVAC business, Beijer ref CEO Per Bertland said: “The need for air conditioning is increasing, especially in southern Europe.””coolingpost.com

• 1 source
• coolingpost.comBeijer Ref buys Spanish MHI distributor - Cooling PostNeil EverittAug 8, 2018

Summarized from public sources; check the original articles before acting on it.