Completed · Lithuania · Industrial machinery
Beijer Ref takes a majority stake in Refra.
Malmo-based refrigeration and HVAC group Beijer Ref completed on 9 October 2026 its purchase of 90 percent of Refra, a Vilnius, Lithuania maker of cooling and heating systems using natural refrigerants, with an option on the rest. The binding agreement was announced on 24 August 2026. The deal completed on 9 October 2026.
SigningDay 100
Signing 24 August 2026 · Day 100 on 17 January 2027
- Buyer
- Beijer Ref AB ·Malmo, Sweden
- Target
- Refra ·Vilnius, Lithuania
- Type
- Majority stake
- Announced
- 24 August 2026
- Signed
- 24 August 2026
- Completed
- 9 October 2026
- Value
- Not disclosed
- People
- Not stated in the release
- Last checked
- 28 October 2026
The people side in Lithuania
- Where the deal needs EU merger clearance, the buyer may not implement it before clearance. EU Merger Regulation (Council Regulation (EC) No 139/2004), article 7
- In an asset deal, staff move on their existing terms, and the transfer alone is no ground for dismissal. Acquired Rights Directive (Council Directive 2001/23/EC), articles 3 and 4
- In an asset or business transfer, seller and buyer each inform their staff representatives in good time of the date, reasons, implications and planned measures, and consult on those measures. Acquired Rights Directive (Council Directive 2001/23/EC), article 7
- Depending on the country, undertakings with 50 or more employees, or establishments with 20 or more, inform and consult employee representatives on decisions likely to change work organisation or contractual relations substantially. Information and Consultation Directive (Directive 2002/14/EC), articles 3 and 4
Sources
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