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10-09-29 regulatory

G & L Beijer signs an agreement with GDF Suez

G & L Beijer AB has signed a strategic agreement with the French company, GDF Suez, through Beijer Ref. GDF Suez is a world leader within the energy sector. The agreement, which is a general global agreement, means that Beijer Ref will be a preferred supplier to GDF Suez in all markets. The agreement comprises Beijer Ref’s entire product programme within refrigeration systems and comfort cooling. 

GDF Suez reported sales of € 80 billion for 2009 and has approximately 200,000 employees. The group’s main focus is on the power-production markets in Europe and on exploration and production of natural gas globally. 

GDF Suez is already a customer of Beijer Ref in some markets. The agreement offers Beijer Ref a good potential for increasing its sales to GDF Suez in both existing and new markets. This is the first agreement of its kind that Beijer Ref has signed with a global customer. 

“In its global acquisition and growth strategy, Beijer Ref has focused on synergies, especially within purchasing, which has resulted in significant savings. Our agreement with GDF Suez is intended to create synergies also on the customer and sales side and generate additional revenues,” says Joen Magnusson, Managing Director of G & L Beijer. 

Malmö, 29 September 2010
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