G & L Beijer: G & L Beijer acquires a Danish refrigeration wholesaler

Regulatory News:

G & L Beijer AB (STO:BEIJB) is acquiring the Danish refrigeration wholesaler, FK Teknik A/S. FK Teknik’s sales for 2012 were approximately SEK 32M with good profitability. The company, founded in 1956, enjoys a very good reputation in the market. FK Teknik has five employees.

The acquisition is a step forward in the consolidation of the Danish market. G & L Beijer already has a strong position in the market through its existing operation in Denmark. With the acquisition the position will be strengthened further.

In the short term, the acquisition is expected to generate some cost synergies within purchasing, logistics and overhead. The operation within FK Teknik will be run as a separate unit. The management, who are also the sellers of FK Teknik, will continue to work in the company.

The acquisition is estimated to have a marginal positive effect on G & L Beijer’s profit per share. FK Teknik will be included in G & L Beijer’s accounts from 1 April 2013.

Malmö, 5 April 2013 G & L Beijer AB (publ)

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.

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