Systemair acquires Koolair
Press Release, 26[th] of September 2018 Systemair AB (NASDAQ OMX Stockholm: SYSR) has acquired the Spanish company Koolair. Koolair is a leading manufacturer of Air Distribution Products for the Spanish market. The export markets contribute with 50% to the turnover of the company. Koolair is specialized in manufacturing of Air distribution Products. The production in Mostoles outside of Madrid is highly automated. The turnover of the company amounts to 30 million EUR. Closing of the transaction is scheduled to November 1st 2018. The agreed purchase price amounts to 20 million EUR.