Beijer Ref has acquired 75 percent of the shares in Idema, an air conditioning distributor based in Italy, with an option to purchase the remaining shares. The transaction is part of Beijer Ref’s strategy to strengthen its market presence in the region.
Founded in 1993 and headquartered in Northern Italy, Idema distributes air conditioning solutions for residential and industrial applications throughout the country. The company reports an annual turnover of approximately SEK 200 million (approx. USD 19 million) and maintains good profitability.
Idema will continue to operate under its own brand following the acquisition. Beijer Ref expects the deal to have a minor positive impact on its financial results.
“Idema is a well-established distributor in the region. The acquisition supports our strategy to expand our market presence and create long-term synergies. We look forward to working with the existing management team,” said Christopher Norbye, CEO of Beijer Ref.