Systemair acquires sales companies in Switzerland and Germany
Systemair AB (NASDAQ OMX Stockholm: SYSR) acquires Menerga AG in Switzerland and sales companies in Northern Germany that are distributors of Menerga products.
Menerga AG markets and perform service for products from Menerga, had a turnover of approximately SEK 50 million in 2013 and has currently 15 employees. During January 2014 Systemair also acquired the Menerga sales companies in Hamburg, Hannover and Berlin in Northern Germany.
"Switzerland is an important market for Menerga and we see synergies with our existing sales company in Switzerland", says Gerald Engström, CEO for Systemair.
For further information contact:
Gerald Engström, CEO, + 46 222 44 001, + 46 70 519 00 01
Anders Ulff, CFO +46 70 577 40 09
Systemair AB, 739 30 Skinnskatteberg, Sweden, +46 222 440 00, www.systemair.com
Systemair in brief
Systemair is a leading ventilation company with operations in 45 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 4,150 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.