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Systemair launches a new company in Australia

November 12, 2007, 07:58
Regulatory information
Systemair launches a new company in AustraliaLeading ventilation company Systemair is to launch a new company in Australia.The new company, Systemair Australia Pty.Ltd., will strengthen its positions inAustralia and New Zealand.The new office and warehouse is situated in Melbourne and the first stockdeliveries will arrive from Sweden and Germany during December."At the moment we market a limited product range via distributors. With a localcompany we can grow our sales of Systemair´s entire product range", says GeraldEngström, CEO for Systemair. "The new company will be headed up by ManagingDirector Ivan Smolcic, who has vast experience in the ventilation business inAustralia and New Zealand and we are confident that this is a great opportunityfor the development of the Systemair brand in Australia and New Zealand."Systemair in briefSystemair is a leading ventilation company with its main activities in Europeand in North America. The company turned over 280 MEUR during the financial year2006/2007 and has more than 1700 employees. Systemair has a well establishedpresence in growth markets, especially in Central and Eastern Europe includingRussia. The Group comprises of some 50 companies. The Group´s products are soldunder the brand names Systemair, Frico, VEAB and Fantech. Since the formation ofSystemair in 1974 the company has increased its sales every year, alwaysproducing positive results. During the last ten years the company has achievedan average annual growth of 16 percent. Systemair is listed on the OMX NordicExchange since October 12, 2007For more information, contactGerald Engström, CEO, +46 222 440 01, or +46 705 190 001 Glen Nilsson, CFO, +46222 440 03 or +46 706 544 003