Panasonic Corporation acquired Systemair S.r.l, and Tecnair S.p.A from Systemair AB (OM:SYSR).
March 28, 2023
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Panasonic Corporation entered into an agreement to acquire Systemair S.r.l, and Tecnair S.p.A from Systemair AB (publ) (OM:SYSR) for enterprise value of €100 million on November 17, 2022. The consolidated rolling 12 months revenues, August 1st 2021 to July 31st 2022, of the air-conditioning business amounted to €69 million. The transaction is subject to regulatory approvals, completion of necessary HR consultations and standard closing conditions, with forecasted closing during the first half of 2023. Elisabet Lundgren, Kerstin Wilhelm, Guido Portier, Pierre Guillot, Bernd Meyring, Pauline Debré, Jean-Charles Jaïs, Lucio D'Amario, Bruno Derieux, Guillaume Couneson, Timon Grau, Géric Clomes of Linklaters acted as legal advisor to Panasonic.
Panasonic Corporation completed the acquisition of Systemair S.r.l, and Tecnair S.p.A from Systemair AB (publ) (OM:SYSR) on March 1, 2023. Peter Lilja and Erik Bergenstråhle of Cirio Advokatbyrå Ab acted as legal advisor to Systemair AB.
Systemair AB is a Sweden-based company engaged in the development, production and marketing of ventilation products and solutions. The products are marketed under the Systemair, Fantech, Frico and VEAB brands. Systemair comprises mainly ventilation products, such as fans, air distribution products, chillers and air handling units; Fantech develops, designs and markets solutions for residential and commercial properties in North America; Frico focuses on air curtains and heating products, and VEAB focuses on the development, manufacture and marketing of heating products for ventilation systems, movable and stationary fan heaters, as well as dehumidification systems. The Company has operations in more than 40 countries in Europe, North America, South America, the Middle East, Asia, Africa and Australia. The Company operates Airwell, Alitis, Kolektor Koling doo, FRIVENT Luft- & Warmetechnik GmbH and Viking Air Conditioning Pty Ltd, among others.
SYSTEMAIR AB 
