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Systemair makes an acquisition in the United States

May 13, 2008, 13:15
Regulatory information
Systemair makes an acquisition in the United StatesSystemair has on May 13 2008 acquired the assets of Emerson Ventilation from theAmerican company Emerson Climate Technologies, the company is based in KansasCity and has been manufacturing fans since the 1890's. The operation comprises the manufacture of fans and ventilation materials with aturn over of approx. 10 million US dollars.The operations will be integrated with Systemair´s present activities in NorthAmerica, which are carried out under the name Fantech and are presentlyconcentrated mainly on the housing sector.- With this acquisition we have a base for our continued concentration on thebuilding up our commercial product range within North America and we see thismove as giving us greater scope to increase our presence in the market, saysGerald Engström, CEO of Systemair. For further information, please contactGerald Engström, CEO, +46 222 440 01, mobile +46 70 519 00 01Glen Nilsson, CFO, +46 222 440 03, mobile +46 70 654 40 03Systemair in briefSystemair is a leading ventilation company, with activities in 38 countries inEurope, North America, Asia, the Middle East,South Africa, and Australia. TheCompany had sales of just over SEK 2.7 billion in the preceding financial yearand approximately 1,850 employees. Since its foundation in 1974, Systemair hassteadily increased its annual sales while simultaneously returning positiveoperating profits. Over the past decade, the company has averaged 16 percentannual growth in sales. The Group comprises around 50 companies.Systemair has well-established operations in a number of growth markets -notably those of Central and Eastern Europe,including Russia. The Group'sproducts are marketed under the brands Systemair, Frico, VEAB and Fantech.Systemair shares have been traded on the Mid Cap List of the OMX Nordic Exchangein Stockholm since 12 October 2007.