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Systemair acquires Menerga sales companies


May 6, 2014 - London

Systemair (NASDAQ OMX Stockholm: SYSR) acquires a Menerga sales company with offices in Frankfurt, Bad Kissingen and Luxembourg.

The company which sells and provides service for Menerga products achieved a turnover of approximately 4.7 million euro in 2013 with a total of 13 employees.

Systemair has during the past year also acquired Menerga sales companies in Hamburg, Hannover and Berlin in northern Germany and the sales companies in Switzerland and Austria.

"Through these acquisitions, we will increase our market penetration while giving us control over sales and customer support in large parts of Germany", 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.

Press release PDF



This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Systemair AB via Globenewswire

HUG#1783062

GlobeNewswire

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