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In 1974, our first product, the circular in-line centrifugal duct fan was developed and introduced and took off extremely well
Established in Skinnskatteberg, Sweden
Production of Metsovent, the first residential unit with heat recovery, starts in Skinnskatteberg
Acquisition of 50% shares in RB Kanalfläkt, USA
Kanalfläkt delivers 50,000 fans for the Eiffel Tower’s 100-year anniversary
Acquisition of Frico AB, a specialist in air curtains and fan heaters
Acquisition of Enviroment Air, Canada
Acquisition of factory in Bouctouche (Canada) as a production facility for the North American market
Representative office established in Moscow, Russia
Acquisition of SCIE Systemair, previously sales agent in France. The name was later used by the whole Group
Acquisition of Europair in Södertälje, a Swedish manufacturer of air terminal devices.
LTI Lüftungstechnik, Windischbuch, Germany, is now the second-largest production unit and central warehouse
New distribution centre established in Skinnskatteberg
New production facility established in Lithuania
World Expo 2020 took place in Dubai in 2021. With the official theme being ”Connecting Minds – Creating the Future”. Systemair was responsible for the air conditioning and ventilation of the Swedish pavilion.
Systemair gets listed at Nasdaq Stockholm's Large Cap segment.
Systemair discontinues its deliveries to Russia and Belarus, due to the geopolitical situation in Ukraine, Russia and Belarus.
Systemair acquires UK-based SCS Engineering Ltd, and its subsidiary Smoke Control Services Ltd, together Group SCS is a UK-based leader in smoke control solutions for residential and commercial buildings.
Systemair entered an agreement with Panasonic Corporation's Heating & Ventilation A/C Company intending to divest the air-conditioning business, to sell all outstanding shares in Systemair S.r.l, and Tecnair S.p.A in Italy, and in due course the business conducted by the air-conditioning sales employees in Systemair GmbH in Germany. The agreement was completed on March 1, 2023.
Systemair acquires the aggregates manufacturer PHEM Engineering SDN. BHD. in Malaysia. PHEM Engineering is a manufacturer of air handling units and fans for commercial applications with sales in South East Asia and Australia. Systemair already has an operation in Malaysia that employs approximately 140 people.
Systemair decides to close Menergas' production in Muelheim an der Ruhr, Germany, in 2024. The factory manufactured high-efficiency ventilation units for swimming pools, water parks and low-energy buildings. In parallel with the closure of Muelheim an der Ruhr, Systemair's existing high-efficiency plant in Maribor, Slovenia will increase production of Menergas products.
Systemair celebrated 50 years. This milestone was celebrated during the year in several countries and in October with over 600 Systemair Sweden employees.
In 2025, Systemair acquires NADI Airtechnics Ltd., 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 employs more than 220 FTEs.
In 2026, Robert Larsson assumes the position of President and CEO of the Systemair Group, succeeding Roland Kasper, who has served as President and CEO since 2015.
Systemair announced its intention to discontinue production at its Waalwijk facility in the Netherlands. Approximately 70 employees are affected. The company has begun consultations with employee representatives and says it will provide support throughout the transition.
Systemair corrected its 29 September 2026 press release about plans to discontinue operations at its Netherlands production facility. The release had incorrectly referred to the EU Market Abuse Regulation; the information was not inside information, and the reference has been removed.
Systemair corrected the dividend record date stated in its 27 August 2026 AGM press release. The date was incorrectly given as 31 September 2026; the correct record date is 31 August 2026. No other information is affected, and the Swedish version is unchanged.
Systemair will publish its Q1 2026/27 interim report at 12:30 CEST on August 27, 2026. A press and analyst meeting will follow at 13:30 CEST, with the report presented by CEO Robert Larsson and CFO Anders Ulff. Participants can register for the webcast or teleconference.
Systemair reported 6% organic growth and net sales of SEK 3,281 million, up 6% year on year. Adjusted operating profit rose to SEK 324 million, with an adjusted operating margin of 9.9%. Cash flow from operating activities was SEK 183 million.
Systemair has received an order worth approximately SEK 60 million for air-based cooling solutions at a new data centre in Finland. The order comprises Geniox Tera Fanwall units, with production in Turkey and deliveries scheduled to begin in early 2027.
Systemair held its Annual General Meeting on August 27, 2026, at the Systemair Expo in Skinnskatteberg, Sweden. A total of 182 voting shareholders were present or submitted valid postal votes, representing 87.58% of the company’s votes and shares. The meeting approved all proposals from the Board and the Nomination Committee.
Systemair released its 2025/26 Sustainability statement, highlighting progress in emissions reduction, workplace development and responsible business practices. It also emphasizes how energy-efficient modern ventilation can reduce building energy use while maintaining healthy indoor environments.
Systemair published its Annual and Sustainability Report for 2025/26 on 6 August 2026. The company reported sales of SEK 12.5 billion and profitable growth despite an uncertain geopolitical environment.
Systemair AB acquired Canadian company Temspec Incorporated on 23 July 2026. Temspec designs and manufactures decentralised HVAC equipment and has a strong position in North America for multi-storey buildings and school applications, with a focus on energy efficiency and noise reduction.