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Provider: Wright Reports
Provider: Reuters Investment Profile

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Systemair AB Acquires Menerga GmbH in Germany

Thursday, 28 Mar 2013 03:00am EDT 

Systemair AB announced that it has signed an agreement to acquire Menerga GmbH in Germany, a European manufacturer of air handling units for comfort, pool and process ventilation with extra high efficiency. Menerga was founded in 1981 and has its headquarters and production facilities in Mulheim an der Ruhr, just outside Dusseldorf. Sales in 2012 amounted to EUR 56.7 million of which 53% in Germany. The company has approximately 400 employees. The acquisition is subject to approval by the German antitrust authority Bundeskartellamt. Closing is expected to occur during May 2013. 

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-0.25 -0.23%
29 Jul 2014