Beijer Ref Expands in New Zealand with Refspecs Acquisition

Beijer Ref AB Class B ( ($SE:BEIJ.B) ) has shared an announcement.

Beijer Ref has signed an agreement to acquire Refspecs, a New Zealand-based HVAC/R wholesaler, which is expected to have a minor positive impact on Beijer Ref’s financial results. This acquisition aligns with Beijer Ref’s strategic goal of expanding its market footprint and strengthening its position in the HVAC and refrigeration sector in the region, pending approval from New Zealand’s competition authority.

The most recent analyst rating on ($SE:BEIJ.B) stock is a Buy with a SEK169.00 price target. To see the full list of analyst forecasts on Beijer Ref AB Class B stock, see the SE:BEIJ.B Stock Forecast page.

More about Beijer Ref AB Class B

BEIJER REF AB is a technology-oriented trading group that provides competitive solutions in refrigeration and climate control through value-added products. It is one of the largest refrigeration wholesalers globally, with a presence in 45 countries across Europe, North America, Africa, Asia, and Oceania.

Average Trading Volume: 553,383

Technical Sentiment Signal: Hold

Current Market Cap: SEK77.33B

For an in-depth examination of BEIJ.B stock, go to TipRanks’ Overview page.