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Systemair acquires distributor in Morocco

Aug 29, 2019 - Thomson Reuters ONE

Press Release, August 29, 2019

Systemair AB (NASDAQ OMX Stockholm: SYSR) 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 co...