Acquisition of RNA in Malaysia strengthens the expansion outside Europe

February  25, 2015

The Swedish refrigeration wholesale group, Beijer Ref AB, is acquiring all the shares in the refrigeration wholesale company, RNA Engineering & Trading, which has its head office located in Kuala Lumpur, Malaysia.

RNA Engineering & Trading was established in 1975. The company reports sales of approximately SEK 45M. RNA is the leading refrigeration wholesaler in Malaysia and includes Danfoss, Emerson and Thermal-Matic among its important brands. The Malaysian market for commercial refrigeration is estimated to be worth nearly SEK 480M, with stable growth in past years of around 10 per cent per annum.

”The acquisition complements our existing operation in the region and strengthens our presence outside Europe. This is fully in line with our strategy”, says Per Bertland, CEO of Beijer Ref.

RNA Engineering & Trading is being acquired by Beijer Ref’s joint-venture company B Grimm in Thailand. The company will be integrated into Beijer Ref’s organisation and included in the company’s accounts from March 2015. The acquisition is expected to have a marginally positive effect of Beijer Ref’s net income in 2015.

RNA Engineering & Trading’s management will continue to take an active part in the company.