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  5. Beijer Ref Acquires GIA Group

M&A Deal Summary

Beijer Ref Acquires GIA Group

On August 2, 2024, Beijer Ref acquired business services company GIA Group

Acquisition Highlights
  • This is Beijer Ref’s 1st transaction in the Business Services sector.
  • This is Beijer Ref’s 2nd transaction in Spain.

M&A Deal Summary
Date 2024-08-02
Target GIA Group
Sector Business Services
Buyer(s) Beijer Ref
Deal Type Add-on Acquisition

Target

GIA Group

Barcelona, Spain
GIA Group develops air conditioning products and services including presale and advice, a wide range of HVAC, aerothermal, and DHW products, personalized marketing, and after-sales service. GIA Group is based in Barcelona, Spain.

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Buyer(S) 1

Buyer

Beijer Ref

Malmö, Sweden
Category Company
Founded 1866
Sector Distribution
Employees6,733
Revenue 35.7B USD (2024)
DESCRIPTION

Beijer Ref is a distributor of products within commercial refrigeration, industrial refrigeration, air conditioning, and heating with a strong local and global market presence across 425 branches through which it serves more than 100,000 customers. Beijer Ref was founded in 1866 and is based in Malmö, Sweden.

DEAL STATS #
Overall 6 of 6
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 6
Country: Spain M&A 2 of 2
Year: 2024 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-19 Cool4U

Szarvas, Hungary

Cool4U is an HVAC distributor that provides solutions for both residential and commercial projects. The company has an annual turnover of approximately SEK 500 million and with good profitability. Cool4U was formed in 2001 and is based in Szarvas, Hungary.

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