Press release -
Distributor in Denmark becomes Frico A/S through acquisition
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
Topics
- Building, property
Categories
- frico
Frico is the leading supplier of air curtains, radiant heaters and fan heaters in Europe, and we are represented in more than 70 countries by our subsidiaries, sister companies or our distributors. The head office is located in Sweden and the company is part of Systemair, one of the leading groups within ventilation. Our production takes place in Sweden and at other ISO approved production units within Europe.
