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Systemair acquires Poliplevro in Greece

June 29, 2010, 08:30
Regulatory information
Systemair has acquired the assets in Poliplevro SA, a Greek distributor ofventilation products. "Poliplevro has suffered heavily from the Greek crisis andsales has dropped rapidly in the last years. We see an opportunity to developthe sales of Systemairs products on the Greek market with the Poliplevrobusiness as a platform. We expect sales of approximately SEK 10 millions thefirst year" says Gerald Engström, CEO of Systemair.For further information contact:Gerald Engström, CEO, + 46 222 44 001, + 46 70 519 00 01Anders Ulff, Finance Director, + 46 222 44 009, +46 70 577 40 09Systemair AB, 739 30 Skinnskatteberg, 0222-440 00,www.systemair.comSystemair 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 SEK 3.2 billion in financial 2009/10 and currently employs about2,200 people.Systemair has reported an operating profit every year since 1974, when theCompany was founded. During the past 15 years, the Company's growth rate hasaveraged about 15 percent.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. The Group comprises about 60 companies[HUG#1427869]