Latest news with #Systemair
CTV News
06-08-2025
- Business
- CTV News
N.B. ventilation equipment manufacturer expanding, adding more than 100 new jobs
New Brunswick officials stand in front of the Systemair facility in Grand-Bouctouche. (Source: Government of New Brunswick) A ventilation equipment manufacturer in New Brunswick is expanding and adding more than 100 new jobs. Systemair and the province are spending more than $5.1 million to modernize the company's Grand-Bouctouche and Moncton facilities. Opportunities NB is providing a conditionally repayable loan of up to $957,000 to help buy a new automated sheet metal-forming production line. It will also provide a payroll rebate of up to $425,000, which the province says will help create up to 122 jobs. The new positions will cover a range of roles and experience levels, and recruitment is already underway. 'Systemair has long been a major employer in Grand-Bouctouche and the surrounding region,' said Luke Randall, minister responsible for Opportunities NB in a provincial news release. 'We are proud to support this investment in productivity and job creation – especially in the advanced manufacturing sector, which plays a critical role in building a more competitive and resilient economy for New Brunswick.' The province says the investments are expected to contribute about $10 million in direct provincial GDP by next year. 'These investments will help us modernize our operations, boost productivity and expand our workforce across New Brunswick. We're proud to build our presence in a province that shares our commitment to innovation, sustainability and growth,' said Systemair general manager Daniel Goulet. The company is a subsidiary of Sweden-based Systemair AB, which operates in 51 countries with 26 production facilities and 6,600 employees worldwide. For more New Brunswick news, visit our dedicated provincial page.
Yahoo
09-07-2025
- Business
- Yahoo
Systemair acquires NADI Airtechnics Ltd.
SKINNSKATTEBERG, Sweden, July 9, 2025 /PRNewswire/ -- Systemair AB (NASDAQ OMX Stockholm: SYSR) has signed an agreement to acquire NADI Airtechnics Ltd., a leading manufacturer of industrial fans in India. NADI Airtechnics Private Limited ("NADI") is a leading manufacturer in India of engineered industrial fans offering high-performance centrifugal blowers, axial fans, centrifugal fans, railway cooling fans, and specialized solutions for carbon capture, and other environmental applications. NADI`s head office and manufacturing plant in Chennai is fully owned by the company. The company employs more than 220 FTEs and had revenues of approximately EUR 13.5m (~INR 1,350m) in FY24/25 and an EBIT-margin above Systemair's target of 10 percent. "This acquisition adds strong industrial fans competence and brings a complementary product range for industrial applications to Systemair. NADI provides us with a leading position in India on industrial fans and the railway segment, with competence and products on high-performance blowers and fans for industrial applications," says Roland Kasper, Systemair CEO. "The acquisition of NADI will strengthen our position in the industrial segment and expand our presence in India, which is a targeted growth area for Systemair. Through NADI´s excellent range of smaller axial fans, we will get a competitive range to complement our offering for infrastructure projects. In addition, we see great potential in scaling NADI's sales also in Europe and US for railway and MRT applications," Roland Kasper concludes. "The Kamdar family founded NADI seven decades ago and we are proud of what NADI has achieved," says J B Kamdar, Managing Director of NADI. "In Systemair, we found a partner that shares our values of quality, customer focus, and integrity. This transition ensures continuity for our customers and employees, while also opening up exciting opportunities for growth and innovation. We are confident that under Systemair's ownership, NADI is poised for a dynamic future." Systemair has today signed an agreement to acquire NADI Airtechnics Ltd. from Mr and Mrs Kamdar. Closing is expected during Systemair's second quarter. For more information, contact:Roland Kasper, 46 73 094 40 13 Anders Ulff, 46 70 577 40 09 Systemair AB | SE-739 30 Skinnskatteberg, Sweden | +46 222 440 00 | Note: This disclosure contains information that Systemair is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the contact person, at 06:00 (CEST) on 9 July 2025. Systemair in brief Systemair is a leading ventilation company with operations in 51 countries in Europe, North America, the Middle East, Asia, Australia and Africa. The Company had sales of SEK 12.3 billion in the 2024/25 financial year and today employs approximately 6,700 people. Systemair has reported an operating profit every year since 1974, when the Company was founded. Over the past 10 years, growth has averaged 7.9 percent. Systemair helps improve the indoor climate through energy-efficient products that contribute to reduced carbon dioxide emissions. Systemair has well-established operations in growth markets. The Group's products are marketed under the Systemair, Frico, Fantech and Menerga brands. Systemair shares have been quoted on the Nasdaq OMX Nordic Exchange in Stockholm since October 2007 and are today traded on the Large Cap List. The Group comprises about 90 companies. This information was brought to you by Cision The following files are available for download: Pressrelease_Systemair_NADI_EN 2023-Roland Kasper 02 Systemair NADI View original content:
Yahoo
11-06-2025
- Business
- Yahoo
The Nomination Committee's proposal for Systemair's Annual General Meeting
SKINNSKATTEBERG, Sweden, June 11, 2025 /PRNewswire/ -- Today, the Nomination Committee is publishing its proposals to Systemair's Annual General Meeting (AGM) on 28 August 2025 regarding the election of board members and the chairman of the board. These proposals will also be presented in greater detail in the notice of the AGM. Systemair's Nomination Committee comprises Magnus Tell (Alecta, Chairman of the nomination committee), Gerald Engström (Färna Invest, Chairman of the Board and the company's largest shareholder), and Lennart Francke (Swedbank Robur Funds). The Nomination Committee proposes the re-election of Gerald Engström, Patrik Nolåker, Gunilla Spongh and Niklas Engström, as well as the election of two new members, Peter Fenkl and Åsa Söderström Winberg. Carina Andersson has declined re-election. Accordingly, the Committee proposes that the number of board members be increased by one, to a total of six. As announced on 7 April 2025, the Nomination Committee further proposes that Patrik Nolåker be elected Chairman of the Board and that Gerald Engström be elected Vice Chairman. Magnus Tell, Chairman of the Nomination Committee, says:"Since 2015, Gerald Engström, in his role as Chairman, has steered Systemair through the continued growth journey that has characterised the past ten years. We thank Gerald for his significant contributions as Chairman and are very pleased that he will continue his engagement on the board. We believe Systemair has a strong board to drive the strategic direction forward and further strengthen the company. Patrik Nolåker has been a board member for several years and will be an excellent successor as Chairman." "For me, as Chairman, it has been both a challenging and an honourable assignment. Together with the board, Group Management and all employees, Systemair has developed into Europe's largest supplier of ventilation products. As a founder, I have served on Systemair's board since 1974 and look forward to continuing," says Gerald Engström. Peter Fenkl, born 1961, holds a Master of Science in Engineering and has an extensive background in the ventilation industry as CEO of ZIEHL-ABEGG AG, as well as in senior roles at, among others, ABB. Peter began his career at the technology group Heraeus Instruments GmbH in product development and sales in the late 1980s. He has also been a long-standing member of the European Ventilation Industry Association (EVIA). Åsa Söderström Winberg, born 1957, holds a Master of Science in Economics and Business Administration and has a broad background in the built environment and energy, including roles as CEO of SWECO Theorells AB, CEO of Ballast Väst AB and Head of Communications at NCC Bygg AB. She has many years of board experience in both public and private settings and is currently a board member of Skanska AB, Currentum AB and FIBO AS. She also serves on the Swedish Armed Forces' Audit Committee and is a member of the Royal Swedish Academy of Engineering Sciences (IVA). For more information contact:Chairman of the Nomination 46 72 968 58 52 Systemair AB | SE-739 30 Skinnskatteberg, Sweden | +46 222 440 00 | Systemair in brief Systemair is a leading ventilation company with operations in 51 countries in Europe, North America, the Middle East, Asia, Australia and Africa. The Company had sales of SEK 12.3 billion in the 2024/25 financial year and today employs approximately 6,700 people. Systemair has reported an operating profit every year since 1974, when the Company was founded. Over the past 10 years, growth has averaged 7.9 percent. Systemair helps improve the indoor climate through energy-efficient products that contribute to reduced carbon dioxide emissions. Systemair has well-established operations in growth markets. The Group's products are marketed under the Systemair, Frico, Fantech and Menerga brands. Systemair shares have been quoted on the Nasdaq OMX Nordic Exchange in Stockholm since October 2007 and are today traded on the Large Cap List. The Group comprises about 90 companies. This information was brought to you by Cision The following files are available for download: Pressrelease_Systemair_NominationCommitteeProposal View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
The Nomination Committee's proposal for Systemair's Annual General Meeting
SKINNSKATTEBERG, Sweden, June 11, 2025 /PRNewswire/ -- Today, the Nomination Committee is publishing its proposals to Systemair's Annual General Meeting (AGM) on 28 August 2025 regarding the election of board members and the chairman of the board. These proposals will also be presented in greater detail in the notice of the AGM. Systemair's Nomination Committee comprises Magnus Tell (Alecta, Chairman of the nomination committee), Gerald Engström (Färna Invest, Chairman of the Board and the company's largest shareholder), and Lennart Francke (Swedbank Robur Funds). The Nomination Committee proposes the re-election of Gerald Engström, Patrik Nolåker, Gunilla Spongh and Niklas Engström, as well as the election of two new members, Peter Fenkl and Åsa Söderström Winberg. Carina Andersson has declined re-election. Accordingly, the Committee proposes that the number of board members be increased by one, to a total of six. As announced on 7 April 2025, the Nomination Committee further proposes that Patrik Nolåker be elected Chairman of the Board and that Gerald Engström be elected Vice Chairman. Magnus Tell, Chairman of the Nomination Committee, says:"Since 2015, Gerald Engström, in his role as Chairman, has steered Systemair through the continued growth journey that has characterised the past ten years. We thank Gerald for his significant contributions as Chairman and are very pleased that he will continue his engagement on the board. We believe Systemair has a strong board to drive the strategic direction forward and further strengthen the company. Patrik Nolåker has been a board member for several years and will be an excellent successor as Chairman." "For me, as Chairman, it has been both a challenging and an honourable assignment. Together with the board, Group Management and all employees, Systemair has developed into Europe's largest supplier of ventilation products. As a founder, I have served on Systemair's board since 1974 and look forward to continuing," says Gerald Engström. Peter Fenkl, born 1961, holds a Master of Science in Engineering and has an extensive background in the ventilation industry as CEO of ZIEHL-ABEGG AG, as well as in senior roles at, among others, ABB. Peter began his career at the technology group Heraeus Instruments GmbH in product development and sales in the late 1980s. He has also been a long-standing member of the European Ventilation Industry Association (EVIA). Åsa Söderström Winberg, born 1957, holds a Master of Science in Economics and Business Administration and has a broad background in the built environment and energy, including roles as CEO of SWECO Theorells AB, CEO of Ballast Väst AB and Head of Communications at NCC Bygg AB. She has many years of board experience in both public and private settings and is currently a board member of Skanska AB, Currentum AB and FIBO AS. She also serves on the Swedish Armed Forces' Audit Committee and is a member of the Royal Swedish Academy of Engineering Sciences (IVA). For more information contact:Chairman of the Nomination 46 72 968 58 52 Systemair AB | SE-739 30 Skinnskatteberg, Sweden | +46 222 440 00 | Systemair in brief Systemair is a leading ventilation company with operations in 51 countries in Europe, North America, the Middle East, Asia, Australia and Africa. The Company had sales of SEK 12.3 billion in the 2024/25 financial year and today employs approximately 6,700 people. Systemair has reported an operating profit every year since 1974, when the Company was founded. Over the past 10 years, growth has averaged 7.9 percent. Systemair helps improve the indoor climate through energy-efficient products that contribute to reduced carbon dioxide emissions. Systemair has well-established operations in growth markets. The Group's products are marketed under the Systemair, Frico, Fantech and Menerga brands. Systemair shares have been quoted on the Nasdaq OMX Nordic Exchange in Stockholm since October 2007 and are today traded on the Large Cap List. The Group comprises about 90 companies. This information was brought to you by Cision The following files are available for download: Pressrelease_Systemair_NominationCommitteeProposal View original content:
Yahoo
28-05-2025
- Business
- Yahoo
Systemair's Interim Report for the fourth quarter will be presented on June 5
SKINNSKATTEBERG, Sweden, May 28, 2025 /PRNewswire/ -- Systemair ABs (NASDAQ OMX Stockholm: SYSR) Interim Report Q4 for the financial year 2024/25 will be published at 07:00 CET on June 5, 2025. Press and analyst meeting will be organised at 09:00 CET on June 5, 2025. The report will be presented by Roland Kasper, CEO, and Anders Ulff, CFO. To participate in the webcast: If you would like to participate in the webcast, please register via the link below. There will be an opportunity to ask questions at any time during the presentation by submitting a written question via webcast. Q4 Report 2024/25 If you wish to participate via teleconference, please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference in the end of the presentation. Call Access Above information is published at Systemair Group After the event the presentation and webcast will be available on our web: Reports and Presentations For further information contact: Roland Kasper, CEO, + 46 73 094 40 13Anders Ulff, CFO, + 46 70 577 40 09 Systemair in briefSystemair is a leading ventilation company operating in 51 countries in Europe, North America, the Middle East, Asia, Australia and Africa. The company had a turnover of SEK 12.3 billion in the 2023/24 financial year and employs approximately 6,600 employees today. Systemair has reported an operating profit yearly since 1974 when the company was founded. Over the past 10 years, growth has averaged 9.0 percent. Systemair helps improve the indoor climate through energy-efficient products that contribute to reduced carbon dioxide has a well-established business in growth markets. Systemair shares have been quoted on the Nasdaq OMX Nordic Exchange in Stockholm since October 2007 and are today traded on the Large Cap List. The Group comprises about 90 companies. This information was brought to you by Cision The following files are available for download: Pressrelease_Systemair_Q4_2024-25_pre-info Roland Kasper-B0015699-klar Anders Ulff-B0015678-klar View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
