- CEO
- Joel Davidsson
- Full Time Employees
- 6,755
- Sector
- Distribution services
- Industry
- Wholesale distributors
- Address
- Stortorget 8 Malmö Sweden 211 34
- IPO Date
- Dec 5, 1988
- Business
- Beijer Ref AB (publ) is a Sweden-based technology-oriented trading group that provides added-value products and competitive solutions in refrigeration, heating, ventilation, air conditioning, and climate control worldwide. Founded in 1866 and headquartered in Malmö, the company operates through more than 150 subsidiaries and approximately 500 branches across 45 countries in Europe, North America, Africa, Asia, and Oceania, employing around 6,000 people; it serves over 200,000 customers, primarily through wholesale and distribution activities complemented by its own OEM production. Beijer Ref conducts business in three main segments: Refrigeration, which supplies systems for commercial environments such as shops and hotels as well as industrial applications; HVAC, offering efficient climate control solutions including advanced air-to-water heat pumps from suppliers like Toshiba, Mitsubishi Heavy Industries, and Gree; and OEM, focusing on sustainable refrigeration technology utilizing natural refrigerants to align with regulatory shifts away from harmful substances by 2030; its product portfolio encompasses refrigeration components, air conditioning units, heat pumps, systems, spare parts, and aftermarket services for residential, commercial, and industrial installations. Recent developments include the completion of the acquisition of Airwave, a leading HVAC distributor in the Baltic region (Estonia, Latvia, Lithuania), in November 2025 following a binding agreement signed in October 2025 for 80% of shares with an option for the remainder; the acquisition of two U.S. HVAC/R distributors, Key Refrigeration Supply and Dennis Supply Company, in November 2025, adding SEK 800 million in combined annual turnover and expanding presence in Kansas, Missouri, Iowa, South Dakota, Nebraska, and Wyoming; the completion of the Cool4U acquisition in Hungary in 2024; the establishment of a SEK 7 billion MTN program and issuance of a SEK 1.5 billion bond in September 2025 to support flexible financing for acquisitions; and the launch of LTI 2025, a long-term share-based incentive program approved at the 2025 Annual General Meeting, targeting profit per share growth and Scope 3 emissions reductions.