As previously announced, G & L Beijer AB (publ) entered into a final agreement for the acquisition of Carrier Corporation’s refrigeration wholesale operations in Europe and South Africa (“Carrier ARW”) on 13 January 2009. Today, 30 January, G & L Beijer AB and Carrier Corporation have completed the transaction on the terms published in the news release on 13 January 2009.
The acquisition of Carrier ARW was completed through G & L Beijer AB’s acquisition of all shares in PB Holdings Luxembourg S.a.r.l., General Frigorifique SAS and Delmo France SAS. Payment for the acquired operations was made through a non-cash issue of 358,710 class A shares and 8,437,429 class B shares in G & L Beijer AB to Carrier Corporation’s subsidiaries: Carrier Refrigeration ECR Holding Luxembourg S.a.r.l. and UTX Holdings SCS, resolved by the extraordinary General Meeting of G & L Beijer AB on 29 January 2009. The total capital contributed in kind has a value of SEK 1,055.5M and will be entered at this value in G & L Beijer AB’s balance sheet.
“The acquisition of Carrier ARW is a milestone and the largest transaction in G & L Beijer’s history. We will now put all our energy into co-ordinating and integrating the operations in order to take advantage of synergy gains. We look forward to an exciting collaboration with our new and major shareholder, Carrier, which can contribute to the Groups continued expansion,” says Joen Magnusson, Managing Director of G & L Beijer.
Malmö, 30 January 2009
G & L Beijer AB (publ)
Board of Directors
Pressrelease
G & L Beijer AB (publ) completes its acquisition of Carrier Corporation’s refrigeration wholesale operations in Europe and South Africa
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
A correction of this pressrelease has been posted
Read pressrelease
More news
January 2, 2024 1:30 PM
-
Regulatory
Non-regulatory
Beijer Ref acquires Chillaire Solutions in India
1/2/2024 13:30
December 20, 2023 7:30 AM
-
Regulatory
Non-regulatory
Beijer Ref acquires Webb Supply in North America
12/20/2023 7:30
December 5, 2023 12:40 PM
-
Regulatory
Non-regulatory
Embraco and Beijer Ref renew global partnership
12/5/2023 12:40
November 30, 2023 7:30 AM
-
Regulatory
Non-regulatory
Beijer Ref presents new financial targets
11/30/2023 7:30
November 30, 2023 7:30 AM
-
Regulatory
Non-regulatory
Positive tax restructuring in Beijer Ref's US operations
11/30/2023 7:30
November 2, 2023 7:30 AM
-
Regulatory
Non-regulatory
Beijer Ref acquires Turner Engineering in Australia
11/2/2023 7:30
October 13, 2023 6:30 AM
-
Regulatory
Non-regulatory
Nomination Committee appointed for Beijer Ref AB:s Annual General Meeting 2024
10/13/2023 6:30
October 2, 2023 6:45 AM
-
Regulatory
Non-regulatory
Invitation to Beijer Ref’s Capital Markets Day on 30 November, 2023
10/2/2023 6:45
October 24, 2025
-
Interim Report
Good organic growth, improved profitability and strong cash flow
10/24/2025
July 19, 2024
-
Interim Report
Record quarter with positive organic growth and strong profitability
7/19/2024
April 23, 2014
-
Interim Report
G & L Beijer (under a change of name to Beijer Ref) Quarter 1, 2014
4/23/2014
October 21, 2011
-
Interim Report
G & L Beijer AB Nine-Month Report January – September 2011
10/21/2011