August 7, 2014 - Assignment

Beijer Ref acquires remaining 49 per cent of SCM Frigo Group

The Swedish refrigeration group, Beijer Ref AB, is acquiring the remaining 49 per cent of the shares in the Italian SCM Frigo Group, a leading manufacturer in Europe of refrigeration units based on environment-friendly carbon dioxide technology.

SCM Frigo, established in 1979, exports around 85 per cent of its products and has a strong market position in environment-friendly refrigeration technology. The company has sales of approximately SEK 240 million and has 90 employees.

Beijer Ref is a technology-oriented trading Group, operating in refrigeration and air conditioning. The Group, formerly known as G & L Beijer AB, acquired 51 per cent of SCM Frigo in 2011. Beijer Ref had sales of approximately SEK 6.6 billion in 2013 and the Group’s share is listed on NASDAQ OMX Stockholm.

Beijer Ref was advised by Mannheimer Swartling in the transaction. The firm’s team comprised Lucas Jonsson, Claes Albinsson and Simon Ottosson.