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Refra to join international Beijer Ref Group R
efra is set to enter a new phase of its development after signing an agreement that will see Beijer Ref Group acquire 90 per cent of the company’s shares.
Joel Davidsson, acting CEO and CFO of Beijer
Ref, said the acquisition strengthens the group’s position in natural refrigerant technologies. “As demand for natural refrigerant solutions continues to grow, this acquisition enhances our off ering and creates opportunities to leverage our global sales network. We look forward to working closely with the existing management team to build on the company’s strong market position.”
Founded in 1994, Refra manufactures advanced cooling and heating systems using natural refrigerants for industrial and commercial applications. The company draws on more than a decade of hands-on experience in natural cooling technology, producing high-quality, safe and energy-effi cient refrigeration, air conditioning and heating equipment. Refra CEO Aleksej Pavšukov described the
agreement as a signifi cant step in the company’s evolution. “Becoming part of Beijer Ref marks an important milestone for Refra and a natural next step in our development. By combining our experience with Beijer Ref’s global reach, we will be able to expand our business further and pursue new opportunities while continuing to deliver the solutions and service our customers and partners know us for.” Refra will continue to
operate under its own brand and retain its existing management team. Completion of the transaction is subject to approval by the Lithuanian competition authority.
6 September 2026 •
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