# Beijer Ref invests in Fenagy for industrial heat pumps

Beijer Ref AB entered an agreement to invest in Danish refrigeration technology company Fenagy A/S, becoming a minority owner with an option to become majority owner within four years. Fenagy develops industrial heat pumps and cooling systems using CO2 refrigerant.

- Type: Investment
- Announced: 2020-11-27
- Where: Aarhus, Denmark
- Status: announced
- Capacity: 200-1800 kW
- Products: industrial heat pumps, cooling systems, CO2 refrigerant
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Beijer Ref](https://endata.com/companies/15341.md) (investor)
- [Fenagy](https://endata.com/companies/51368.md) (target)

## Sources

- [news.cision.com](https://news.cision.com/beijer-ref-ab/r/beijer-ref-continues-to-invest-in-green-technology,c3244897), 2020-11-27: "The investment in Fenagy means that we are expanding further within OEM, which is one of our main growth areas."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.