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Add-on acquisition Aug 2019 · Morocco and West Africa

Systemair acquires 60% of its Morocco distributor

Systemair AB acquired 60% of Systemair Maroc, its distributor for Morocco and West Africa (about SEK 70M sales, 27 employees), with an option to buy the remaining shares within three years.

“The acquisition represents 60 percent of the total shares in the company with an option to acquire the remaining shares within three years.”

Entities

Systemair AB · Acquirer Systemair Maroc · Target
HVAC Sentiment: Positive

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