# Panasonic to acquire Systemair's commercial air-conditioning business for €100M

Panasonic Corporation agreed to acquire the commercial air-conditioning business of Systemair AB at an enterprise value of 100 million Euros, purchasing all shares in Systemair S.r.l, Tecnair S.p.A, and related sales employees in Germany and France.

- Type: Acquisition
- Announced: 2026-11-03
- Where: Sweden
- Value: $108.0M (100.0M EUR)
- Status: announced
- Products: commercial air-conditioning systems, water circulating air conditioners
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Panasonic](https://endata.com/companies/1026.md) (acquirer)
- [Systemair](https://endata.com/companies/7886.md) (target)
- [Tecnair S.p.A](https://endata.com/companies/15473.md) (target)
- [Systemair AC SAS](https://endata.com/companies/15474.md) (target)

## Sources

- [instalnews.ro](https://www.instalnews.ro/news-in-english/panasonic-purchase-all-shares-air-conditioning-business-systemair-ab-sweden), 2026-11-03: "Panasonic Corporation announced that its Heating & Ventilation A/C Company intends to acquire the commercial air-conditioning business from Systemair AB at an enterprise value of 100 million Euros."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.