Acquisition aimed at strengthening Systemair’s market position in Europe

Systemair, on March 5, 2013, acquired Holland Heating, a Netherlands-based manufacturer of air handling units, from Carrier. Commenting on the transaction, Gerald Engström, President and CEO of Systemair, said: “We are very pleased to acquire a company with such a long history and strong product portfolio.” He added that the acquisition of Holland Heating would ensure that Systemair would become the market leader in the manufacture and supply of air handling units in the Netherlands and would strengthen his company’s market position in Europe.

Founded in 1955, Holland Heating has its headquarters and production facilities in Waalwijk. The company had been owned by Carrier since 1997, and had a reported turnover of EUR 32.5 million in 2012.