September 5, 2011 - Assignment

G&L Beijer acquires distribution operations from Carrier Corporation

G&L Beijer has acquired operations from Carrier Corporation that handle the distribution of Toshiba’s ventilation, heating and air conditioning products in eleven European countries for approximately EUR 86 million.

G&L Beijer includes Beijer Ref, the largest refrigeration wholesale group in Europe. The group has approximately 1,700 employees, operates in more than 20 markets and has an annual turnover of approximately EUR 540 million (2010). G&L Beijer is listed on NASDAQ OMX Stockholm.

G&L Beijer was advised by Mannheimer Swartling in the transaction. The firm’s team was led by Claes Albinsson who was primarily assisted by Per Åsbrink and Annika Edmén.