G & L Beijer's divestment of Beijer Tech completed

G & L Beijer's divestment of Beijer Tech completed

G & L Beijer AB has completed its divestment of the Group's Beijer Tech business
area to Beijer Alma in accordance with the declaration of intent announced on 15
February 2010.  

G & L Beijer will receive a consideration consisting of 2.7 million newly-issued
B shares in Beijer Alma and a cash portion of SEK 38.7M. In total, the
transaction is valued at approximately SEK 340M and G & L Beijer will report a
tax-free capital gain of approximately SEK 140M.

“The divestment of Beijer Tech is a move forward in the consolidation of G & L
Beijer towards the strongly growing operation within refrigeration systems and
refrigeration components within our Beijer Ref business area. At the same time,
G & L Beijer becomes a significant shareholder in Beijer Alma and, as a large
owner, we will monitor the development closely,” says Joen Magnusson, Managing
Director and CEO of G & L Beijer.

Beijer Tech reported sales of SEK 505M in 2009 and has 180 employees. The
transaction is made on a free-from-debt basis and G & L Beijer further
strengthens its already strong financial position.


Malmö, 19 March 2010
G & L Beijer AB (publ)

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