Wikipedia

Draft:Systemair

Systemair is a Swedish ventilation company operating in 51 countries in Europe, North America, the Middle East, Asia, Australia and Africa. The company had a turnover of SEK 12.1 billion in the 2022/23 financial year and employs approximately 6,500 employees as of 2023[1]. The company specialises in a wide range of ventilation products, including air handling units, fans, air distribution products, air conditioning products, heaters, and air curtains for comfort and safe ventilation[2].

Systemair solutions are tailored to meet the requirements of various application sectors, encompassing Commercial, Residential, Hospitality, Healthcare, Education, Industrial, Infrastructure, and Data Centre environments.[3]

Systemair products and solutions are marketed under the Systemair, Frico, Fantech and Menerga brands, with Systemair as the main brand. The Systemair Group comprises about 90 companies[4]. It operates in more than 51 countries, and exports to more than 135 countries, with 25 production facilities across the globe. [5]

Systemair has reported an operating profit yearly since its founding in 1974.[6] Over the past ten years, growth has averaged 10.5 per cent. Systemair shares have been quoted on the Nasdaq OMX Nordic Exchange in Stockholm since October 2007[7] and are traded on the Large Cap List.

Systemair
Company typePublic
Nasdaq Nordic : SYSR
IndustryHVAC Manufacturing
Founded1974
FounderGerald Engström
HeadquartersSkinnskatteberg, Sweden
Area served
Europe, North America, the Middle East, Asia, Australia and Africa
Key people
Gerald Engström (Chairman of the Board) Roland Kasper (CEO)
Products
BrandsSystemair, Menerga, Frico, Fantech, Group SCS, VEAB Tech
RevenueSEK 12.1 billion (FY 2022/23)
Number of employees
6700
Websitewww.systemair.com www.group.systemair.com

History

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1974–1980

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The company was founded in 1974 as LHG kanalfläkt. Systemair's first product was a fan with round connections installed directly in the duct system (duct fan), which simplified the installation considerably. Production began in Skinnskatteberg; by the end of the decade, 50% of production was being carried out in a partner facility in Norway. The first sales subsidiary, LHG Kanavapuhallin, was established in Finland.[8]

1980–1990

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Production of Metsovent, the first residential unit with heat recovery, starts in Skinnskatteberg.[9]

German manufacturer of fan motors ZIEHL-ABEGG and ebm-papst were suppliers, then became partners through their Swedish subsidiary Ziehl-ebm. Today, ebm-papst AB is Systemair’s second-largest shareholder[10].

In 1987, Systemair acquired 50% of shares in RB Kanalfläkt, USA; the remaining 50% was acquired in 2001/2002.

1990–2000

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This decade began with the acquisition of Frico AB[11], a specialist in air curtains and fan heaters, followed by the acquisition of Enviroment Air, Canada, as well as a factory in Bouctouche (Canada) as a production facility for the North American market.[12]

Other notable events in this time period include:

  • Acquisition of SCIE Systemair, previously sales agent in France.
  • Acquisition of Europair in Södertälje, Swedish manufacturer of air terminal devices.

2000-2010

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Notable events include:

  • New distribution centre established in Skinnskatteberg[13]
  • New production facility established in Lithuania[14]
  • Establishment of sales subsidiaries and companies in Turkey, Hong Kong, Hungary, Belgium, Romania, South Africa, Ireland, United Arab Emirates, Spain, and India
  • Systemair awarded the Great Export Award by the Swedish Trade Council[15]
  • Systemair listed on the Nasdaq OMX Stockholm index[16]

2010-2020

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In February 2011, founder Gerald Engström was awarded H.M. the King's Medal, 12th size with the ribbon of the Order of the Seraphim, for outstanding contributions to Swedish business.

Roland Kasper was appointed as the new CEO of the Systemair Group in 2015.[17] At the Annual Meeting, Gerald Engström was elected as new Chairman of the Board.[18]

The Swedish business was divided into two companies. The company Systemair AB became a streamlined holding company with corporate staff and group functions. The newly formed company Systemair Sverige AB conducts production and sales operations in Sweden.[19]

2020-2030

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On January 3, 2022, Systemair moves to Nasdaq Stockholm's Large Cap segment.[20]

Systemair entered into an agreement with Panasonic Corporation's Heating & Ventilation A/C Company intending to divest the air-conditioning business, to sell all outstanding shares in Systemair S.r.l, and Tecnair S.p.A in Italy, and in due course the business conducted by the air-conditioning sales employees in Systemair GmbH in Germany. The agreement was completed on March 1, 2023.[21]

Systemair then acquired UK-based SCS Engineering Ltd, and its subsidiary Smoke Control Services Ltd, together Group SCS[22]. Group SCS is a UK-based leader in smoke control solutions for residential and commercial buildings.

In 2024, Systemair acquired the aggregates 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. [23]

Systemair decides to close Menerga's production in Muelheim an der Ruhr, Germany, in 2024.[24] The factory manufactured high-efficiency ventilation units for swimming pools, water parks and low-energy buildings. As a result, Systemair's existing facility in Maribor, Slovenia increased production of Menerga's products.[25]

Participation in global events and industry associations

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Systemair was one of the sponsors of the Swedish pavilion at the Expo 2020 site in Dubai (UAE), where the company introduced the air conditioning and ventilation solutions for the building named ‘The Forest’, allowing them “to highlight the role ventilation and air conditioning plays in saving energy, protecting the planet while providing a healthy indoor environment for ourselves and future generations.”[26]

Systemair has a rich history of actively participating in industry associations. Raul Corredera Haener, Senior Director from Systemair, was elected President of Eurovent during the 65th General Assembly. Systemair was also among the founding members of Eurovent Middle East, which was formed in 2017, and Brian Suggitt, then Middle East Managing Director, was elected as the first chairman.[27] Systemair was the first manufacturer to certify products under the new Eurovent programme for residential air handling units (RAHU).[28]

Systemair is also active in the Air Movement and Control Association (AMCA) International.[29] In 1996, Systemair’s laboratory in Skinnskatteberg, Sweden, became one of Europe’s first AMCA-accredited laboratories for testing fans for air performance and sound and for the air curtains for air performance, velocity uniformity and velocity projection.[30] Since then, Systemair has added three more AMCA-accredited laboratories to its portfolio. This includes a laboratory for air performance testing in Windischbuch, Germany, a laboratory for testing air performance and sound in Greater Noida, India, and another laboratory for testing air performance and sound in Lenexa, USA[31].

See Also

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·       Systemair Aktiebolag

·       Exhaust and supply air ventilation with a heat exchanger

·       Ventilation

  1. ^ "Systemair Annual Report 2022/23". refindustry.com. Retrieved 2025-08-26.
  2. ^ "Members". Eurovent. Retrieved 2025-08-26.
  3. ^ Long, Kristin (2023-09-01). "Rack densities define data centre cooling strategies". RACA Journal Publication. Retrieved 2025-08-27.
  4. ^ "Members". Eurovent. Retrieved 2025-08-27.
  5. ^ "Locations". group.systemair.com. Retrieved 2025-08-27.
  6. ^ "Systemair Annual Report 2022/23". refindustry.com. Retrieved 2025-08-26.
  7. ^ "Systemair 2025 Company Profile: Stock Performance & Earnings | PitchBook". pitchbook.com. Retrieved 2025-08-26.
  8. ^ "Specialists visited Systemair plant". www.c-o-k.ru. Retrieved 2025-08-27.
  9. ^ "Systemair History". www.systemair.com. Retrieved 2025-08-27.
  10. ^ "Systemair AB (publ) Insider Trading & Ownership Structure". Simply Wall St. Retrieved 2025-08-27.
  11. ^ kairistila (2025-06-24). "Den siste industrialisten". Talk with Nordea Private Banking (in Swedish). Retrieved 2025-08-27.
  12. ^ Lombard, Natalie (2025-08-06). "N.B. ventilation equipment manufacturer expanding, adding more than 100 new jobs". CTVNews. Retrieved 2025-08-27.
  13. ^ "Air Cooled and Water Cooled Chiller Range - Systemair - PDF Catalogs | Technical Documentation | Brochure". pdf.directindustry.com. Retrieved 2025-08-27.
  14. ^ "Systemair's success story in Lithuania". Invest Lithuania. Retrieved 2025-08-27.
  15. ^ ÅkessonText, Nils (2007-05-07). "Vinnaren av årets Exportpris är Systemair". Dagens industri (in Swedish). Retrieved 2025-08-27.
  16. ^ "Systemair AB". news.cision.com. Retrieved 2025-08-27.
  17. ^ "New Managing Director and CEO for Systemair - GeoResources". www.georesources.net. Retrieved 2025-08-27.
  18. ^ Everitt, Neil (2015-07-03). "Kasper succeeds Systemair founder". Cooling Post. Retrieved 2025-08-27.
  19. ^ "Systemair divides operations in Sweden". Yahoo Finance. Archived from the original on 2016-01-06. Retrieved 2025-08-27.
  20. ^ "Systemair moves to the Large Cap segment | GlobeNewswire by notified". kommunikasjon.ntb.no (in Norwegian). Retrieved 2025-08-27.
  21. ^ "Panasonic Completes Acquisition of Air-Conditioning Business*1 of Systemair AB of Sweden | Management/Financials | Company | Press Releases". Panasonic Newsroom Global. Retrieved 2025-08-27.
  22. ^ "Systemair acquires Group SCS | GlobeNewswire by notified". kommunikasjon.ntb.no (in Norwegian). Retrieved 2025-08-27.
  23. ^ AB, Systemair. "Systemair acquires PHEM Engineering in Malaysia". www.prnewswire.com. Retrieved 2025-08-27.
  24. ^ Everitt, Neil (2023-11-09). "Systemair to cease Menerga production in Germany". Cooling Post. Retrieved 2025-08-27.
  25. ^ Ralev, Radomir Vladimirov (2023-11-09). "Systemair to move Menerga's German production ops to Slovenia | Slovenia Investments News | SeeNews". seenews.com. Retrieved 2025-08-27.
  26. ^ "Sustainable AC and ventilation at the Swedish Expo 2020 pavilion". www.acr-news.com. Archived from the original on 2024-04-08. Retrieved 2025-08-26.
  27. ^ Everitt, Neil (2017-01-22). "Eurovent forms Middle East group". Cooling Post. Retrieved 2025-08-26.
  28. ^ Everitt, Neil (2016-02-07). "Systemair first to new Eurovent standard". Cooling Post. Retrieved 2025-08-26.
  29. ^ Everitt, Neil (2020-12-08). "Systemair's Mats Sándor is AMCA president". Cooling Post. Retrieved 2025-08-27.
  30. ^ "Trust, transparency and the importance of third-party certification". www.acr-news.com. Retrieved 2025-08-27.
  31. ^ "Trust, transparency and the importance of third-party certification". www.acr-news.com. Retrieved 2025-08-26.
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