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Systemair acquires Climaproduct |
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Tuesday, 11 March 2008 |
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Systemair, a leading
ventilation company, has completed the acquisition of the Italian
ventilation company Climaproduct in accordance with the earlier intentional
agreement from August 2007. As of January 1st, the company is changed to
Systemair Climaproduct.
Climaproduct has an annual turnover of EUR 10,7 million (100 MSEK) with an
operating profit of EUR 1,1 million (10 MSEK). Climaproduct have been in
business for 20 years and they have a total of 40 employees. The head office is
situated in Milan
with a smaller production unit in Padova. The company which since 1992 has been a distributor for Systemair is also supplying ventilation
products from other producers than Systemair, reveals the company’s press
release.
“Today our products only constitute a minor part of Climaproduct´s
sales. The acquisition is a part of our European venture and gives us a
platform in Italy.
We see great opportunities for increased sales of the complete Systemair
product range,” says Gerald Engström, CEO for Systemair.
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