31 August 2019
Systemair acquires distributor in Morocco
Systemair AB acquires distributor for Systemair's products in Morocco.
Systemair Maroc sells Systemair's products in Morocco and West Africa. The company had sales of approximately SEK 70 million in 2018 and has currently 27 employees. The sales company with office and warehouse in Casablanca has so far had a license agreement to act under the name Systemair. The acquisition represents 60 percent of the total shares in the company with an option to acquire the remaining shares within three years.
"Morocco is a growth market and we continue to see good opportunities for Systemair products both in Morocco and in West Africa in general," says Roland Kasper, CEO, Systemair.
Systemair Maroc sells Systemair's products in Morocco and West Africa. The company had sales of approximately SEK 70 million in 2018 and has currently 27 employees. The sales company with office and warehouse in Casablanca has so far had a license agreement to act under the name Systemair. The acquisition represents 60 percent of the total shares in the company with an option to acquire the remaining shares within three years.
"Morocco is a growth market and we continue to see good opportunities for Systemair products both in Morocco and in West Africa in general," says Roland Kasper, CEO, Systemair.