Systemair acquires PHEM Engineering in Malaysia
PRESS RELEASE, 8 MAJ 2024 Systemair ABs (NASDAQ OMX Stockholm: SYSR) has acquired the air handling unit manufacturer PHEM Engineering SDN. BHD. in Malaysia. PHEM Engineering is a manufacturer of air handling units and fans for commercial applications with sales in South East Asia and Australia. Its headquarters and production facility are located in Kuala Lumpur, Malaysia. The company employs approximately 40 people and for the last financial year, ending in March 2024, had a turnover of the equivalent of SEK 47 million. Systemair already has a business in Malaysia that employs