Beijer, which owns Dean & Wood in the UK, is acquiring the Norwegian company, Ecofrigo AS.
Ecofrigo AS is a project-oriented distribution company operating mainly within project planning and the distribution of environment friendly chillers and refrigerants.
The Norwegian company has reported sales of approximately SEK 35M with good profitability, and employs six people.
The company delivers environment friendly refrigeration units equipped with the latest technology from G & L Beijer’s Italian subsidiary, SCM Frigo. It was founded in December 2009 and has in a short time established a strong position in the Norwegian market.
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.