G & L Beijer makes an acquisition in Norway

G & L Beijer makes an acquisition in Norway

G & L Beijer AB is acquiring the Norwegian company, Ecofrigo AS, a
project-oriented distribution company operating mainly within project planning
and the distribution of environment friendly chillers and refrigerants. Ecofrigo
reports sales of approximately SEK 35M with good profitability. The company has
six employees.

The acquisition complements G & L Beijer’s existing operation both
geographically and from a product viewpoint. Ecofrigo was founded in December
2009 and has in a short time established a strong position in the Norwegian
market. The company delivers environment friendly refrigeration units equipped
with the latest technology from G & L Beijer’s Italian subsidiary, SCM Frigo. G
& L Beijer acquired SCM Frigo at the beginning of 2011 and the acquisition of
Ecofrigo means a further strengthening of the synergies.

In the acquisition of Ecofrigo, G & L Beijer has identified a number of synergy
effects, mainly on the purchasing side. The acquisition is expected to have a
marginally positive effect on G & L Beijer’s profit per share. Ecofrigo is
included in G & L Beijer’s accounts from January 2012.

Malmö, 20 January 2012
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

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

G & L Beijer AB (publ) discloses the information provided here pursuant to the
Securities Market Act and/or the Financial Instruments Trading Act.

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.