Systemair acquires sales companies in Serbia and Montenegro
(Thomson Reuters ONE) -
Systemair has signed an agreement to acquire the sales companies DT Thermo
d.o.o. in Serbia and DT Thermo MNE d.o.o. in Montenegro, where they are among
the leaders in the ventilation business. The acquisition of the company in
Montenegro requires approval by the local authorities.
The combined turnover of the companies for 2011 was SEK 16 million with a total
of 15 employees. Both companies have been distributors of Systemair products in
the past.
"The acquisitions will give us the benefit of "route to market" for all our
products in Serbia and Montenegro, while strengthening our market position",
says Svein Nilsen, Director Marketing Systemair.
"One of our strengths is that we enter emerging markets at an early stage.
Serbia and Montenegro is a market where we can see great potential for the
ventilation industry with our wide product range", says Gerald Engström, CEO
Systemair.
For further information, please contact:
Gerald Engström, CEO, +46 222 440 01, + 46 70 519 00 01
Svein Nilsen, Director Marketing, +47 930 627 00
Systemair AB, 739 30 Skinnskatteberg, 0222-440 00, www.systemair.com
Note: The information here is that which Systemair AB has willingly chosen to
make public or that which it is obliged to make public according to the Swedish
Securities Market Act and/or the Financial Instruments Trading Act. The
information was published at 10:00 (CET) on 29 March 2012.
Systemair i korthet
Systemair is a leading ventilation company with operations in 42 countries in
Europe, North & South America, the Middle East, Asia, Africa and Australia. The
Company had sales of SEK 3.47 billion in financial 2010/11 and currently employs
about 3,100 people. Systemair has reported an operating profit every year since
1974, when the Company was founded. During the past 15 years, the Company's
growth rate has averaged about 14 percent.
Systemair has well-established operations in growth markets. The Group's
products are marketed under the Systemair, Frico, VEAB and Fantech brands.
Systemair shares have been quoted on the Mid Cap List of the OMX Nordic Exchange
in Stockholm since October 2007. The Group comprises about 60 companies.
Press release PDF:
http://hugin.info/138279/R/1598236/503906.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Systemair AB via Thomson Reuters ONE
[HUG#1598236]
Unternehmensinformation / Kurzprofil:
Datum: 29.03.2012 - 10:01 Uhr
Sprache: Deutsch
News-ID 129764
Anzahl Zeichen: 3073
contact information:
Town:
Skinnskatteberg
Kategorie:
Business News
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"Systemair acquires sales companies in Serbia and Montenegro"
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