Systemair receives major order in Denmark
Systemair (NASDAQ OMX Stockholm: SYSR) has been selected by the CMT Company (Copenhagen Metro Team) for the supply of the tunnel fans and allied equipment for the emergency ventilation system for the new metro line in Copenhagen, the Cityringen. Total order value of about EUR 4,5 million.
The Danish capital, which has the most advanced system in public mobility throughout Europe, is currently running the "Project Cityringen" which will develop the new ring in the center of the city. This new line will serve major areas of the city of Copenhagen including the Danish Parliament, Central Station, the City Hall including existing major S-train and metro stations.
The line will consist of a twin tube tunnel of 17.4 km in length each, with 17 new stations located 30 meters below ground level. The line is fully automated and will run 24 hours a day, with minimum intervals between trains of just 100 seconds and will ensure the mobility of 130 million passengers per year.
Systemair will supply the main emergency ventilation fans, emergency and piston relief dampers, silencers and switchboards for a total amount of approximately EUR 4,5 million.
"This is the largest order we've received within tunnel ventilation. It proves that we have the ability to deliver large and complex projects", says Gerald Engström, CEO of Systemair.
"This project is highly technically challenging due to its complexity and importance. This also confirms our breakthrough in the European market for our infrastructure fans", says Kurt Maurer, Product Area Director Fans, of Systemair.
For further information, please contact:
Gerald Engström, CEO, + 46 222 44 001, + 46 70 519 00 01
Kurt Maurer, Product Area Director Fans, + 49 170 226 49 33
Systemair AB, SE-739 30 Skinnskatteberg, Sweden, +46 222 440 00, www.systemair.com
Systemair in brief
Systemair is a leading ventilation company with operations in 44 countries in Europe, North- and South America, the Middle East, Asia and South Africa. The Company had sales of SEK 4.55 billion in financial 2012/13 and currently employs about 4,100 people. Systemair has reported an operating profit every year since 1974, when the Company was founded. During the past 15 years, the Company's growth rate has averaged about 13 percent.
Systemair has well-established operations in growth markets. The Group's products are marketed under the Systemair, Frico, VEAB, Fantech, Menerga and Holland Heating brands. Systemair shares have been quoted on the Mid Cap List of the OMX Nordic Exchange in Stockholm since October 2007. The Group comprises about 60 companies.