Systemair acquires Tecnair LV S.p.A.
Press Release, January 31, 2022 Systemair (NASDAQ OMX Stockholm: SYSR) has acquired 80% of the Italian company Tecnair LV S.p.A. from LU-VE Group, listed on the Milan Stock Exchange, and the remaining 20% from the Monti family. Tecnair is an international supplier of indoor close control air conditioning units. The products are delivered to hospitals and data centers. The Italian market accounts for about 25 percent of Tecnair's sales and the rest is exported mainly within Europe. Tecnair specializes in the manufacture of precision cooling products for healthcare applications such as