# 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.

- Type: Acquisition
- Announced: 2023-03-17
- Value: $107.0M (100.0M EUR)
- Status: completed
- Products: commercial hydronic air-conditioning systems, heat pumps, chillers, fan coil units
- 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

- [news.panasonic.com](https://news.panasonic.com/global/press/en230317-1), 2023-03-17: "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."

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