Brief: Beijer Ref Acquires AAD And HVAC Consolidated In Australia

Beijer Ref AB (publ)

19/09/2022 12:35

Sept 19 (Reuters) - Beijer Ref AB (publ)  BEIJb.ST :
    * BEIJER REF ACQUIRES AAD AND HVAC CONSOLIDATED IN AUSTRALIA
    * COMPLETION OF TRANSACTION IS EXPECTED TO TAKE PLACE ON
NOVEMBER
1, 2022.
    * DURING AUSTRALIAN FINANCIAL YEAR, WHICH ENDED ON 30 JUNE
2022,
AAD AND HVAC CONSOLIDATED HAD A COMBINED TURNOVER OF
APPROXIMATELY SEK 800 MILLION WITH GOOD PROFITABILITY
    * SELLERS OF AAD AND HVAC CONSOLIDATED, AND HOLDERS OF
REMAINING
49 PERCENT IN EACH COMPANY, ARE AIRCON CONCEPTS PTY LTD AND
COLDFLOW AIRCONDITIONING PTY LTD
    * ACQUISITION WILL HAVE A POSITIVE IMPACT ON BEIJER REF
GROUP'S
RESULTS AND POSITION
    * PURCHASE PRICE, FOR 51 PERCENT OF SHARES, AMOUNTS TO
APPROXIMATELY SEK 480 MILLION ON A DEBT-FREE BASIS

Source text for Eikon:  ID:nWkrbpzW9F 
Further company coverage:  BEIJb.ST 

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