Systemair buys Austrian air handling unit manufacturer

Frivent produces air handling units, heat recovery systems and unique roof units for several niche applications and achives annual turnover of about €7m.

Systemair president and chief executive Roland Kasper said: "We see great opportunities with the company's unique knowledge within niche applications and their current market presence. This acquisition gives us a strengthened position in the region and a possibility to coordinate our activities in Austria,”

Shares in Systemair AB were up 0.32% to 158.50 Swedish krona at 1238 BST.