Systemair acquires Change’Air

Systemair AB (NASDAQ OMX: SYSR) has signed an agreement to acquire Change’Air in Canada. The Change’Air Company is a leading manufacturer of ventilation equipment for classrooms in North America.

Systemair AB (NASDAQ OMX: SYSR) has signed an agreement to acquire Change’Air in Canada. The Change’Air Company is a leading manufacturer of ventilation equipment for classrooms in North America.

Change’Air turnover for 2011 was 11.6 million USD and has experienced a growth rate of 21% over the past three years. The company with 65 employees has its headquarters and a manufacturing facility in Ontario, Canada. Takeover takes place immediately.

"The acquisition of Change’Air opens up new marketing channels for Systemair’s products and gives us access to 59 sales agents and approximately 300 sales engineers in North America. Their coverage included 42 states in the United States, and 6 provinces in Canada", says Gerald Engström, President and CEO for Systemair.

"This acquisition gives us great opportunities to grow within the commercial market in North America and reinforce our commitment to market the Systemair brand in this segment", says Roland Mazerolle, Managing Director of Systemair Canada.

 

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