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

Panasonic Corporation will acquire the commercial air-conditioning business of Systemair AB, including shares in Systemair S.r.l, Tecnair S.p.A, and related entities, for an enterprise value of 100 million euros.

- Type: Acquisition
- Announced: 2022-11-01
- Where: Italy (Systemair S.r.l and Tecnair S.p.A); Germany (Systemair GmbH Frankfurt); France (Systemair AC SAS), Italy
- Value: $103.0M (100.0M EUR)
- Status: announced
- Products: commercial air-conditioning systems, hydronic systems, water heaters, heating appliances
- 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)

## Sources

- [panasonic.com](https://www.panasonic.com/global/hvac-cc/press/data/2022/11/en221117.html), 2022-11-01: "Panasonic Corporation today 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."
- [lebatimentperformant.fr](https://lebatimentperformant.fr/actualites/panasonic-pret-a-acquerir-les-activites-clim-de-systemair/1/4842), 2022-11-21: "Nous avons lancé une alliance commerciale avec Systemair en 2019 pour commencer à fournir des climatiseurs commerciaux."

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