Acquisition strengthens Beijer Ref’s position in Germany

The Swedish refrigeration group, Beijer Ref, is acquiring the net assets in Grün
Großhandel für Kälte- und Klimazubehör, which operates in the German
refrigeration wholesale market. Grün was founded in 2009 and has since
established a stable operation with sales of approximately SEK 25M.

”Germany continues to be a very interesting growth market in which Beijer Ref is
gradually developing an increasingly strong position. Grün will be a valuable
addition in the German market thanks to its excellent geographic location in
Stuttgart and an operation which fits Beijer Ref’s profile within both
refrigeration wholesale trading and comfort cooling”, says Per Bertland, CEO of
Beijer Ref.

Beijer Ref established an operation in Germany in 2011. With its acquisition of
Grün, the Group will have operations in Düsseldorf, Nuremberg, Munich, Leipzig
and Stuttgart. Sales in the German market are increasing strongly and the
acquisition is fully compatible with Beijer Ref’s growth strategy in Germany.
The company will be integrated into Beijer Ref and is estimated to provide a
strengthened market position and cost synergies through co-ordination with
Beijer’s existing operation in Germany. Grün’s management will continue to take
an active part in the company.

The acquisition is deemed to have a marginally positive effect on Beijer Ref’s
net income.

The company will be included in Beijer Ref’s accounts from October 2014.

Malmö, 25 September 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.