Systemair - acquisition in North America

(Thomson Reuters ONE) - The ventilation company Systemair has acquired the DehumidificationDivision from the Canadian company W.C. Woods. The division, with anannual sales of 5 million dollars, will be moved to Systemair'ssubsidiary in Canada. The products will continue to be sold under theWood's brand in Europe and under the Fantech brand name in US andCanada.- The dehumidification products are a kindred product area that suitsour production well. It is focused on the commercial market and willbe a good complement for our distribution network in North America,says Gerald Engström, CEO Systemair.For further information, please contact:Gerald Engström, CEO, +46 222-440 01, mobile +46 705 19 0 0 01Glen Nilsson, CFO, +46 222-44003, mobile +46 706 544 003Systemair AB, SE 739 30 Skinnskatteberg , Sweden , Phone + 46 222 44000 , www.systemair.comSystemair in briefSystemair is a leading ventilation company with operations in 38countries in Europe, North America, the Middle East, Asia, Africa andAustralia. The Company had sales of more than SEK 3.3 billion in the2008/09 financial year and currently employs about 1,960 people.Since it was founded in 1974, the Company has increased sales everyyear and at the same time reported an operating profit. During thepast three years, the Company's growth rate has averaged roughly 13percent. Systemair has well-established operations in growth markets.The Group's products are marketed under the Systemair, Frico, VEABand Fantech brands. Systemair shares have been quoted on the Mid CapList of the Nasdaq OMX Nordic Exchange in Stockholm since October2007.http://hugin.info/138279/R/1346874/323663.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
Datum: 12.10.2009 - 10:45 Uhr
Sprache: Deutsch
News-ID 6796
Anzahl Zeichen: 0

contact information:
Town:

London

Kategorie:

Business News

Diese Pressemitteilung wurde bisher 306 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Systemair - acquisition in North America"
steht unter der journalistisch-redaktionellen Verantwortung von

Systemair AB (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

Systemair - EBIT-margin close to 9% ...

In the second quarter (Aug-Oct) of the split financial year 2009/10, the net turnover decreased by 12 percent to 829 MSEK (947). The operating result decreased with 50 percent till 73 MSEK (146) the operating margin reached 8,8 percent. - Though sa ...

Systemair's Q2, 2009/10 published on 26 November ...

The interim report Q2 2009/10 will be published at 08.30 a.m. on 26 November in Swedish and English at the web site www.systemair.com. A presentation including interview of Gerald Engström, CEO Systemair, will be published at the same time on the w ...

Systemair - strategic acquisition in India ...

Systemair has agreed to acquire the Indian ventilation company Ravistar with a yearly turnover of approximately 60 MSEK. The acquisition includes the right to use the Ravistar trademark. Ravistar is a market leader in India within air distribution p ...

Alle Meldungen von Systemair AB