Systemair acquires Reftec in Norway
Systemair (NASDAQ OMX Stockholm: SYSR) has signed an agreement to acquire Reftec AS, a supplier of commercial cooling and heat pumps for the Norwegian market. Reftec founded in 2007 is headquartered in Trondheim and has a sales office in Oslo with 14 employees all together. The company had a turnover of NOK 34 million in 2012, with sales growth of over 30%. The acquisition is subject to approval by the Norwegian Competition Authority. Closing is expected to occur during May. "We are pleased to have succeeded in acquiring a young growing company that will strengthen our organization