The ventilation company Systemair has acquired the Dehumidification
Division from the Canadian company W.C. Woods. The division, with an
annual sales of 5 million dollars, will be moved to Systemair's
subsidiary in Canada. The products will continue to be sold under the
Wood's brand in Europe and under the Fantech brand name in US and
Canada.
- The dehumidification products are a kindred product area that suits
our production well. It is focused on the commercial market and will
be 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 01
Glen Nilsson, CFO, +46 222-44003, mobile +46 706 544 003
Systemair AB, SE 739 30 Skinnskatteberg , Sweden , Phone + 46 222 440
00 , www.systemair.com
Systemair in brief
Systemair is a leading ventilation company with operations in 38
countries in Europe, North America, the Middle East, Asia, Africa and
Australia. The Company had sales of more than SEK 3.3 billion in the
2008/09 financial year and currently employs about 1,960 people.
Since it was founded in 1974, the Company has increased sales every
year and at the same time reported an operating profit. During the
past three years, the Company's growth rate has averaged roughly 13
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 Nasdaq OMX Nordic Exchange in Stockholm since October
2007.
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.