# Beijer Ref acquires 51% of AAD and HVAC Consolidated in Australia

Beijer Ref signed an agreement to acquire 51% of Australian air conditioning companies AAD and HVAC Consolidated for approximately SEK 480 million, with an option to buy the remaining shares. The companies had combined turnover of about SEK 800 million.

- Type: Acquisition
- Announced: 2022-09-19
- Where: Melbourne, Australia
- Value: $44.0M (480.0M SEK)
- Jobs: 125
- Status: announced
- Products: air conditioning products
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Beijer Ref](https://endata.com/companies/15341.md) (acquirer)
- [Australian Airconditioning Distributors](https://endata.com/companies/65378.md) (target)
- [HVAC Consolidated](https://endata.com/companies/65379.md) (target)
- [AAD](https://endata.com/companies/66274.md) (target)

## Sources

- [news.cision.com](https://news.cision.com/beijer-ref-ab/r/beijer-ref-acquires-aad-and-hvac-consolidated-in-australia,c3633114), 2022-09-19: "Beijer Ref has signed an agreement to acquire 51 percent of the shares in the Australian air conditioning company AAD and HVAC Consolidated"
- [beijerref.com](https://www.beijerref.com/pressrelease/beijer-ref-completes-the-previously-announced-acquisition-of-aad-and-hvac-consolidated?fdd28200_page=1), 2022-11-01: "Beijer Ref completes the previously announced acquisition of AAD and HVAC Consolidated."

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