# Panasonic plans to acquire Systemair's commercial air conditioning business

Panasonic announced its intention to acquire the commercial air conditioning business of Systemair AB for an enterprise value of 100 million euros. The acquisition includes shares in Systemair S.r.l, Tecnair s.p.A, and related operations.

- Type: Acquisition
- Announced: 2022-12-06
- Where: Sweden
- Value: $105.0M (100.0M EUR)
- Status: announced
- Products: commercial air conditioning systems
- 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

- [svenskbyggtidning.se](https://www.svenskbyggtidning.se/2022/12/06/panasonic-planerar-forvarv-av-systemairs-luftkonditioneringsverksamhet/), 2022-12-06: "Panasonic meddelar idag att man ämnar förvärva den kommersiella luftkonditioneringsverksamheten från Systamair AB till ett företagsvärde på 100 miljoner euro."

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