Grafton Group plc | Agreement to acquire Mercaluz
Thursday 9 april 2026
Significant further investment into growing Iberian HVAC market
Grafton Group plc (“Grafton”), the leading European multinational distributor of construction related products and solutions, is pleased to announce that it has entered into an agreement, subject to approval from the Spanish National Commission for Markets and Competition, to acquire the entire issued share capital of Componentes Eléctricos Mercaluz, S.A., Mercaluz Hogar, S.L.U., EAS Electric Smart Technology, S.L.U. and Mercaluz Canarias, S.L.U. (together “Mercaluz“).
Mercaluz is a family-owned Spanish group founded in 1986 and headquartered in the province of Alicante on the Iberian Peninsula.
It is predominantly a distributor of domestic and commercial air conditioning equipment to professional SME installers, with c.10,500 customers in 2025.
Mercaluz achieved strong growth in 2025 reporting unaudited revenue of €150.4m and unaudited adjusted operating profit1 of €22.2m.
The existing management team will remain in place, supported by a team of over 330 employees across 18 locations in Spain.
Please find the complete press release here: https://www.graftonplc.com/media-centre/our-stories/2026/grafton-mercaluz