Subscribe to the daily news Sign in
En
Systemair acquires Tecnair LV S.p.A.

Systemair acquires Tecnair LV S.p.A.

Systemair has acquired 80% of the Italian company Tecnair LV S.p.A. from LU-VE Group, listed on the Milan Stock Exchange, and the remaining 20% from the Monti family. Tecnair is an international supplier of indoor close control air conditioning units. The products are delivered to hospitals and data centers. The Italian market accounts for about 25 percent of Tecnair's sales and the rest is exported mainly within Europe.

Tecnair specializes in the manufacture of precision cooling products for healthcare applications such as intensive care units, operating theatres, laboratories and data center applications. Tecnair is located in Uboldo outside Milan but will relocate to Systemair's existing premises in Barlassina 15 km from Uboldo. Tecnair's sales in 2021 amounted to EUR 12 million with an EBITDA result of EUR 1.2 million. The company has 43 employees. The transaction requires approval from the Italian authorities and completion is estimated for the end of March 2022.
The agreed purchase price amounts to EUR 15 million on a debt-free basis.

"We see that Tecnair complements Systemair in multiple areas. Tecnair's product range and market presence fits Systemair's product offering well. At the same time, Systemair signs a long-term supply agreement with LU-VE for the supply of heat exchanger coils. We also see good synergies by coordinating production, product development and sales of Tecnair with our existing facility in Barlassina. Through the acquisition we get a stronger market position and good synergies in the field of Air Conditioning products in the European market. ", says Systemair's President and CEO Roland Kasper.

Related tags: air conditioning
Share

Related news

AREA and WRD announce finalists for 2025 Women in Cooling Video Com...
AREA and World Refrigeration Day (WRD) have announced the finalists for the third edition of the Women in Cooling Video Competition. The initiative highlights the expertise of women in the refr...
23 May 2025
Updated Guide Offers Insights for Transition to R290 Split Air Cond...
GIZ Proklima and the German Environment Agency have released an updated edition of the R290 Split AC Resource Guide, aiming to support the transition toward environmentally friendly and ene...
18 Apr 2025
University of Ljubljana Develops Solid-State Cooling to Replace Tox...
New elastocaloric system promises safer, more efficient alternative to vapor-compression cooling. Researchers at the University of Ljubljana, Slovenia, are developing a solid-state c
14 May 2025
Condair Group Appoints Martin Plüss as New CEO
Condair Group has announced the appointment of Martin Plüss as its new Chief Executive Officer (CEO), effective immediately. Plüss brings over 20 years of leadership and operational experience...
04 Mar 2025
IIR launches “Women in Cooling” database with global survey insights
The International Institute of Refrigeration (IIR) has launched the “Women in Cooling” database, an interactive platform presenting career stories and survey data from women in the refrigeration, a...
27 May 2025
Caverion Germany Acquires Schulz Lufttechnik to Expand Cleanroom Ex...
Caverion Germany has acquired Schulz Lufttechnik GmbH, a ventilation and cleanroom technology specialist based in Sprockhövel, North Rhine-Westphalia. The acquisition, completed on 4 April 2025...
09 Apr 2025