Systemair acquires Energoplus in Slovenia
March 10, 2009, 08:30
Systemair acquires Energoplus in SloveniaThe ventilation company Systemair has come to an agreement with Energoplus inSlovenia to acquire the shares in the company per 1st of May. The company has anannual turnover of more than 100 MSEK. Energoplus is a market leader in Slovenia in ventilation and airconditioningproducts. The company was founded in 1990 and has more than 20 employees.- Energoplus has a strong position in Slovenia and through this acquisition wewill have good opportunities to increase the sale of Systemair's products, saysGerald Engström, CEO for Systemair.In connection with the acquisition, the company will change the name toSystemair Energoplus.For more information, please contactGerald Engström, CEO, +46 222 44001, mobile +46 70 519 00 01, Glen Nilsson, CFO, +46 222 44003, mobile +46 70 654 40 03, Systemair in briefSystemair is a leading ventilation company with operations in 38 countries inEurope, North America, the Middle East, Asia, Africa and Australia. The Companyhad sales of approximately SEK 3.1 billion in the 2007/08 financial year andcurrently employs about 1,950 people. Since it was founded in 1974, the Companyhas increased sales every year and at the same time reported an operatingprofit. The Group comprises about 50 companies. Systemair has well-established operations in growth markets. The Group'sproducts are marketed under the Systemair, Frico, VEAB and Fantech brands.Systemair shares have been quoted on the Mid Cap List of the OMX Nordic Exchangein Stockholm since October 2007.