Panasonic Completes Acquisition of Air-Conditioning Business of Sweden's Systemair AB of Sweden
Panasonic Corporation has announced that at the end of February 2023, its Heating & Ventilation A/C Company completed the acquisition of all of the outstanding shares of Systemair AC SAS, Systemair S.r.l. and Tecnair S.p.A., which operate commercial air-conditioning businesses owned by Systemair AB ("Systemair"), a leading Swedish manufacturer of air quality and air-conditioning equipment.
Panasonic to Purchase All Shares of the Air-Conditioning Business of Systemair AB of Sweden
Panasonic Corporation has announced that its Heating & Ventilation A/C Company intends to acquire the commercial air-conditioning business from Systemair AB, a leading global manufacturer in the ventilation and commercial air-conditioning business, at an enterprise value of 100 million Euros.