Forvis Mazars advises Deltron

About the company

Deltron has been operating since 1995,  and is recognized as a reliable partner in ensuring comfortable living and working conditions, offering quality solutions every day in the field of thermal installations, primarily air conditioning, heating, cooling and ventilation.

Sector: Wholesale

Service

The Forvis Mazars team advised the owner of Deltron from the initial talks, coordination of the due diligence process to the conclusion of transactions - the purchase of 80% of the share by Beijer Ref, a leading European distributor of air conditioners. 

This strategic agreement is a large step forward for Deltron as well, being a clear market leader on Croatian and Bosnian market, now operating under the support of global strategic player.

"From the very beginning of one of the most difficult chapters in business, Forvis Mazars was with us. Throughout the process we were guided by the trust and expertise of a consultant led by Andrija Garofulić who supported us until the final transaction. We look forward to new challenges and synergies and it will benefit existing and future customers. "

- Tonči and Mladen Drnasin, Owners, Deltron

"We are very glad to welcome Deltron into the Beijer Ref Group. Through this acquisition, Beijer Ref adds a well-managed company with a good profitability that gives us a market-leading position within HVAC in Croatia. In Bosnia and Herzegovina, where we have not previously been established, we also see great growth potentials. We are excited to continue to grow the company together with Deltron’s management.”

- Christopher Norbye, CEO of Beijer Ref

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