Panasonic completes acquisition of Systemair's air-conditioning business for €100M

Panasonic Corporation completed the acquisition of all outstanding shares of Systemair AC SAS, Systemair S.r.l. and Tecnair S.p.A., the commercial air-conditioning businesses of Systemair AB of Sweden, for €100 million. The deal was announced on November 17, 2022 and closed at the end of February 2023.

“Panasonic Corporation today announced that at the end of February 2023, its Heating & Ventilation A/C Company completed the acquisition of all of the outstanding shares of Systemair AC SAS, Systemair S.r.l. and Tecnair S.p.A.”news.panasonic.com

• 1 source
• news.panasonic.comPanasonic Completes Acquisition of Air-Conditioning Business*1 of Systemair AB of Sweden | Management/Financials | Company | Press Releases | Panasonic Newsroom GlobalMar 17, 2023

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