Press release 9 June 2017
Systemair AB (NASDAQ OMX Stockholm: SYSR) has acquired the south african company Viking Air Conditioning, a leading manufacturer of air handling units with integrated cooling.
Viking is located in Spartan, Johannesburg, south Africa. The company manufactures and sells customized air handling units with integrated cooling for commercial use for approximately 40 million SEK in south Africa and neighbouring countries. Viking has more than 25 years, sold a market-driven air handling units are of high quality and without integrated cooling. The products can be found in the market supermarknadskedjorna within the region. The company has 45 employees in rented premises of 3000 m2.
“We see great opportunities with the company’s market position and products. This acquisition complements us very well and gives us new opportunities in the region.”, says systemair’s CEO Roland Kasper.
For more information, please contact:
Roland Kasper, CEO, + 46 73 094 40 13, +46 222 440 13
Anders Ulff, CFO, + 46 70 577 40 09, +46 222 44 009
Systemair AB, SE-739 30 Skinnskatteberg, Sweden, +46 222 440 00, www.systemair.com
Systemair in brief
Systemair is a leading ventilation company with operations in 50 countries in Europe, North and south America, the Middle east, Asia and south Africa. The company had a turnover of sek 6.9 billion fiscal year 2016/17 and currently has about 5 200 employees Since the establishment of Systemair in 1974, the company has shown positive operating results. During the past 15 years, the average growth rate amounted to approximately 10 per cent.
Systemair has well-established operations in emerging markets. The group’s products are marketed under the brand names Systemair, Frico, Fantech and Menerga. Systemair is since October 2007, listed on the OMX Nordic exchange in Stockholm on the list for medium-sized companies. The group comprises about 70 companies.