Beijer Ref acquires refrigeration wholesaler in Norway

The Swedish refrigeration Group, Beijer Ref AB, is acquiring all shares in
Børresen Cooltech A/S, a leading refrigeration wholesaler in Norway. Børresen
Cooltech, founded in 1968, reports sales of close to SEK 60M and has 20
employees.

”Børresen Cooltech is a well-established refrigeration wholesaler in Norway and
is considered to have a good development potential as part of Beijer Ref. The
acquisition is strategically important for strengthening the Group’s position in
Norway”, says Per Bertland, CEO of Beijer Ref.

Børresen Cooltech will be integrated into Beijer Ref’s organisation which is
estimated to provide cost synergies and increase the Group’s market share.

The acquisition is deemed to have a marginal positive effect on Beijer Ref’s net
income. The company will be included in Beijer Ref’s accounts from September
2014.


Malmö, 21 August 2014
Beijer Ref AB (publ)

For further information, please contact:
Per Bertland, CEO
Telephone +46 40-35 89 00
Mobile +46 705-98 13 73

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


Beijer Ref is a technology-oriented trading Group which, through added-value
products, offers competitive solutions for its customers within refrigeration
and climate control.