# France Air Group proposes acquisition of SIG Air Handling for €222.7 million

France Air Group announced it is entering the final stage of an agreement to acquire SIG Air Handling, a division of SIG plc, for €222.7 million. The transaction is subject to regulatory approval and expected to close in Q1 2020.

- Type: Acquisition
- Announced: 2020-01-24
- Where: France
- Value: $246.0M (222.7M EUR)
- Jobs: 1,800
- Status: announced
- Products: ventilation products and solutions
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [SIG](https://endata.com/companies/40984.md) (partner)
- [France Air Group](https://endata.com/companies/44787.md) (acquirer)
- [SIG Air Handling](https://endata.com/companies/44788.md) (target)

## Sources

- [airvancegroup.com](https://airvancegroup.com/en/the-france-air-group-announces-its-proposal-for-acquisition-of-sig-air-handling/), 2020-01-24: "The France Air group is delighted to announce that it is entering the final stage of an agreement for the acquisition of SIG Air Handling."
- [france-air.com](https://www.france-air.com/france-air-groupe-et-sig-air-handling/), 2020-02-03: "This acquisition enables the France Air group to accelerate the internationalisation strategy that Laurent Dolbeau has been implementing for the last five years"

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