Distributor in Denmark becomes Frico A/S through acquisition

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Systemair AB has acquired 60 percent of the Danish sales company Tempus Heat A/S. The company employs 5 persons and the company will immediately be renamed Frico A/S.

Systemair AB (NASDAQ OMX Stockholm: SYSR) has acquired 60 percent of the Danish sales company Tempus Heat A/S. The company is headquartered in Horsens, Denmark and is also established with a smaller sales office outside Copenhagen. Tempus has a turnover of approximately SEK 15 million. The company is a distributor of Frico's heating products and is also providing service of the products. The company employs 5 persons and the company will immediately be renamed Frico A/S.

"We see good opportunities to increase our market shares for Frico in Denmark. Tempus contributes to a strong market presence as well as a driven and competent organization. We expect continued good growth in Denmark for Frico's product range," says Roland Kasper, CEO, Systemair.

For further information contact:
Roland Kasper, CEO, + 46 73 094 40 13, +46 222 440 13
Anders Ulff, CFO, + 46 70 577 40 09, +46 222 440 09