# Beijer Ref acquires 70% stake in Condex

Swedish Beijer Ref signed an agreement to acquire 70% of Bulgarian HVAC distributor Condex, with an option to buy the remaining shares, entering the Bulgarian market.

- Type: Acquisition
- Announced: 2023-06-12
- Where: Sofia, Bulgaria, Bulgaria
- Status: announced
- Products: air conditioning systems, precision air conditioning equipment
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Beijer Ref](https://endata.com/companies/15341.md) (acquirer)
- [Condex](https://endata.com/companies/69930.md) (target)

## Sources

- [money.bg](https://money.bg/business/shvedskata-beijer-ref-pridobiva-mazhoritaren-dyal-ot-condex.html), 2023-06-12: "We have the pleasure of welcoming Condex into the Beijer Ref family, as we enter the Bulgarian market."

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