Systemair completes divestment of commercial air conditioning business to Panasonic
Press release, 1 March 2023 Systemair (NASDAQ OMX Stockholm: SYSR) has now completed the previously announced divestment of the commercial air conditioning business to Panasonic. The divested operations include Systemair S.r.l and Tecnair S.p.A. in Italy, Systemair AC SAS in France, as well as the air conditioning operations of Systemair GmbH in Germany. The operations' consolidated turnover for the rolling twelve months, 1 August 2021–31 July 2022, amounted to EUR 69 million and they employ approximately 400 full-time employees. The final profit effect related to the divestment