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11-10-20 regulatory

G & L Beijer completes its acquisition of United Refrigeration’s operation in Europe

G & L Beijer is a technology-oriented trading Group which, through a combination of added-value agency products and products of the company’s own development, offers competitive solutions for its customers within refrigeration and air conditioning.

In the previous year, operations were consolidated into comprising only products within refrigeration and air conditioning.

G & L Beijer AB has completed its acquisition of United Refrigeration’s refrigeration wholesale operations in France and the United Kingdom following the approval of the transaction by the French competition authority.

The acquisition, which was announced on 1 September 2011, relates to two companies. In total, the two companies report sales equivalent to SEK 610M and have 169 employees. The total consideration for both companies amounts to approximately SEK 240M on a debt-free basis. The consideration is financed through own funds and increased borrowing.

With the acquisitions, G & L Beijer strengthens its position still further in the French and British markets.

The acquisitions are expected to have a marginally positive effect on G & L Beijer’s profit per share. The acquired companies are included in the consolidated accounts from October 2011.

G & L Beijer AB (publ) discloses the information provided here pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 20 October 2011.

Malmö, 20 October 2011

G & L Beijer AB (publ)

For further information, please contact:
Joen Magnusson, Managing Director
G & L Beijer AB
Telephone +46 40-35 89 00
Mobile +46 709-26 50 91


Jonas Lindqvist, CFO
Telephone +46 40-35 89 00
Mobile +46 705-90 89 04