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Systemair strengthens its presence in the U.S.A. and in Asia |
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Thursday, 05 June 2008 |
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Systemair, a leading
ventilation company with activities in 38 countries all over the world, has recently
strengthened its presence in the U.S.A.
and in Asia by acquiring the assets of Emerson
Ventilation from the American company Emerson Climate Technologies, and of the
Malaysian Megcool Industries.
 Emerson Ventilation is based in Kansas
City and has been manufacturing fans since the 1890’s.
The operation comprises the manufacture of fans and ventilation materials with
a turnover of approx. 10 million US dollars. The operations will be integrated
with Systemair´s present activities in North America,
which are carried out under the name Fantech and are presently concentrated
mainly on the housing sector. “With this acquisition we have a base for our
continued concentration on the building up our commercial product range within North America and we see this move as giving us greater
scope to increase our presence in the market,” says Gerald Engström, CEO of
Systemair.
Megcool Industries, on the other hand, is located at Kuala Lumpur and has an annual turnover of
SEK 20 million with an operating profit of SEK 3 million. The company
manufactures and markets products for tunnel and garage ventilation. The former
owners, with 30 years of experience in the fan industry, will stay active in
the company, which will change its name to Systemair, reveals the company’s
press release. “This acquisition will give us a competitive production unit
within the region and a base for the Group’s continued concentration in Asia. We see good conditions for
increased sales of Systemair’s whole product assortment. The establishment in Malaysia
will also be a logistic centre for further distribution in the region,” says
Gerald Engström, CEO for Systemair. |
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