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.'

Coronavirus industry update

UPDATED 22 April: In response to the Coronavirus pandemic, manufacturers, wholesalers and distributors are issuing statements regarding their operations as the situation evolves. The most up to date information from each company is listed below and ...

  25-Mar-2020

High temperature CO2 heat pump increases hot water efficiency

Mitsubishi Electric has announced the launch of a new commercial heating system running on CO2 (R744) to deliver hot water up to 90°C and help businesses increase the efficiency of hot water production whilst significantly reducing their carbon ...

  21-Sep-2020

Fridge Freezer Direct Introduces J & E Hall's range of Cellar Cooling

Reliable and energy efficient, the JCC range of cellar coolers are designed to be used in wine and beer cellars above or below ground.
  21-Sep-2020
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

Chillventa
14th IIR-Gustav Lorentzen Conference on Natural Refrigerants
FETA Annual Lunch
16th IIR Conference on Cryogenics