ACR-News
Know what you want? Try our 'Supplier Directory' 

G&L Beijer completes Carrier ARW purchase

SWEDISH group G & L Beijer has acquired Carrier's refrigeration wholesale business operations in Europe and South Africa ('Carrier ARW') .
G & L Beijer's shareholders approved the transaction in an Extraordinary General Meeting on January 30.

Under the terms of the transaction, Carrier now has 33.3% voting interest and 41.5% of the capital in G & L Beijer. The acr giant will nominate two of the seven members of G & L Beijer's board of directors.

The Swedish owners of UK wholesaler Dean & Wood, G & L Beijer's, Beijer Ref business markets and sells refrigeration systems and components in 16 European countries.

Both firms will benefit from a combined offering of USD $800m in revenues, 1,800 employees and operations in 21 countries.

Joen Magnusson, managing director of G & L Beijer, said: 'The acquisition of Carrier ARW is a milestone and the largest transaction in G & L Beijer's history. We will now put all our energy into co-ordinating and integrating the operations in order to take advantage of synergy gains. We look forward to an exciting collaboration with our new and major shareholder, Carrier, which can contribute to the Groups continued expansion'.

Geraud Darnis, Carrier president said: 'With this transaction, Carrier will increase its focus on its large and successful European food retail operations.'

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...

  01-Apr-2021

Panasonic’s Aquarea Loop transforms retrofit heating and cooling

Panasonic Heating & Cooling Solutions has introduced the Aquarea Loop, a new decentralised water-to-air heat pump designed for optimal energy efficiency. This system operates with a low-temperature central water loop of 20° - 30°C year-round, ...

  12-Feb-2025

RFGC - New Sanhua Thermostatic Expansion Valve ready for R290

The main body in stainless steel guarantees an increased robustness and the certainly of a lead-free material and welding is in copper. RFGC 06 series has been designed and optimized for application with propane (R290).
  03-Feb-2025
ACR News is the number one magazine in the air conditioning and refrigeration industry. Don’t miss out, subscribe today!
Subcribe to ACR News

Diary