28 November 2011

Systemair buys Airwell's Italian factory

SWEDISH ventilation company Systemair has agreed to acquire the Italian factory operated by French air conditioning company Airwell.
Airwell Barlassina manufactures chillers from 20 to 1200 kW. Airwell has one of the widest product lines and manufactures chillers with both liquid cooling and air cooling. In recent years, there has been extensive product development, and most products are currently Eurovent certified.

The factory has 155 employees and Systemair will also take over parts of the sales department for commercial air conditioning in Italy. The plant has one of the most modern R&D centre in Europe for development and testing of chillers, a showroom and a training centre.

The turnover of the company is estimated at around £20m in 2011. Closing is expected to take place in January 2012.

'The acquisition will strengthen us considerably in our sales of air handling units where cooling is included to create a good indoor climate. We will become much stronger in the project business and see clear synergies through this acquisition', says Gerald Engström, CEO of Systemair.

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