M&A Deal Summary

Systemair Acquires PHEM Engineering

On May 8, 2024, Systemair acquired manufacturer PHEM Engineering

Acquisition Highlights
  • This is Systemair’s 14th transaction in the Manufacturing sector.
  • This is Systemair’s 2nd transaction in Malaysia.

M&A Deal Summary
Date 2024-05-08
Target PHEM Engineering
Sector Manufacturing
Buyer(s) Systemair
Deal Type Add-on Acquisition

Target

PHEM Engineering

Klang, Malaysia
PHEM Engineering manufactures air handling units and fans for commercial applications with sales in Southeast Asia and Australia. PHEM Engineering is headquartered in Kuala Lumpur, Malaysia.

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Buyer(S) 1

Buyer

Systemair

Skinnskatteberg, Sweden
Category Company
Founded 1972
Sector Machinery
Employees5,927
Revenue 12.1B SEK (2023)
DESCRIPTION

Systemair is a ventilation company operated in 44 countries in Europe, North and South America, the Middle East, Asia, and South Africa. The company offers a wide range of energy-efficient fans, air handling units, air distribution products, and air curtains for different types of premises. Systemair was founded in 1972 and is based in Skinnskatteberg, Sweden.

DEAL STATS #
Overall 24 of 24
Sector (Manufacturing) 14 of 14
Type (Add-on Acquisition) 23 of 23
Country (Malaysia) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-25 FRIVENT Luft- & Wärmetechnik

St. Johann, Austria

FRIVENT Luft- & Wärmetechnik GmbH is a quality manufacturer of air handling units. FRIVENT produces air handling units, heat recovery systems and unique roof units for several niche applications.

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