Panasonic Completes Acquisition of Systemair's Air-Conditioning Business

Panasonic Holdings Corporation completed the acquisition of Systemair AB's air-conditioning business in Sweden for 100 million euros. The deal, announced in November 2022, was finalized after regulatory approval and aims to expand Panasonic's commercial hydronic systems capabilities in Europe.

“The acquisition was completed after our decision to acquire all of the shares in Systemair's air-conditioning business, announced on November 17, 2022, was approved by the regulatory authority under the competition law. The purchase price was 100 million euros.”

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