Systemair merger strengthens UK operations

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The ventilation company Systemair is streamlining its operations in the United
Kingdom by merging Systemair Ltd with its fellow subsidiary Fans & Spares Ltd.
The companies' turnovers last year amounted to approximately MSEK 200.

Fans & Spares was acquired in 2000 and currently has 12 sales offices and
warehouses. This merger will make Systemair's organisation more efficient and
ensures better market coverage.

"This is a strategic decision, giving us greater control and stronger potential
growth, while also simplifying the situation for customers. In addition to a
more efficient organisation, it also gives us scope for increasing the
proportion of Systemair products on the UK market," says Gerald Engström, CEO of
Systemair.

As part of the organisational restructure, the company will be changing its name
to Systemair Fans & Spares Ltd.


For additional information, please contact:


Gerald Engström,CEO, [phone], [phone]

Glen Nilsson, CFO, [phone]

Svein Nilsen,Marketing Director, [phone]


Systemair AB, SE-739 30 Skinnskatteberg, Sweden Tel. [phone]
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
generated a turnover in excess of SEK 3.3 billion during the 2008/09 financial
year and has just over 2,000 employees. Since Systemair was founded in 1974, the
company has increased its turnover every year while also demonstrating good
profitability. For the past 3 years, average growth has been in the region of
13 per cent.

Systemair has a well established presence on growth markets. The Group's
products are marketed under the brand names Systemair, Frico, VEAB, and Fantech.
Systemair has been listed on the Nasdaq OMX Nordic Exchange in Stockholm, Midcap
list, since October 2007.



[HUG#1378874]





    Press Release (PDF): 

http://hugin.info/138279/R/1378874/339203.pdf