Systemair Acquires NADI Airtechnics Ltd.
Deal News | Jul 09, 2025 | PR Newswire Cision Systemair AB
Systemair AB, a prominent player in the ventilation industry, has signed an agreement to acquire NADI Airtechnics Ltd., an Indian manufacturer of industrial fans. This strategic acquisition aims to enhance Systemair's industrial fan offerings and expand its market presence in India, a key growth area. NADI, known for high-performance centrifugal and axial fans, boasts a revenue of EUR 13.5m in FY24/25 and surpasses Systemair's EBIT-margin target of 10%. This acquisition provides Systemair with a stronger foothold in the Indian and railway sectors, with potential for expansion into Europe and the US. The deal, expected to close in Systemair's second quarter, marks a promising future for NADI under Systemair's ownership.
Sectors
- Manufacturing
- Ventilation and HVAC
Geography
- India – The acquisition target, NADI Airtechnics Ltd., is based in Chennai, India, and represents a strategic entry for Systemair into the Indian market.
- Sweden – Systemair AB, the acquiring company, is headquartered in Skinnskatteberg, Sweden, and is expanding its global reach through this acquisition.
Industry
- Manufacturing – NADI Airtechnics Ltd. is a manufacturer of industrial fans, specializing in engineering high-performance solutions like centrifugal blowers and axial fans.
- Ventilation and HVAC – Systemair is a leading company in the ventilation sector, providing energy-efficient products that enhance indoor climate and reduce emissions.
Financials
- EUR 13.5 million – NADI Airtechnics Ltd.'s revenue in FY24/25.
- SEK 12.3 billion – Systemair AB's sales in the 2024/25 financial year.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Systemair AB | Acquirer | Company | A leading ventilation company based in Sweden, with a global presence in 51 countries. |
| NADI Airtechnics Ltd. | Target | Company | An Indian manufacturer of industrial fans, known for high-performance centrifugal and axial fans, based in Chennai. |
| Roland Kasper | CEO | Person | CEO of Systemair AB, involved in the acquisition announcement. |
| Mr and Mrs Kamdar | Seller | Person | Former owners of NADI Airtechnics Ltd., selling the company to Systemair. |
| J B Kamdar | Managing Director | Person | Managing Director of NADI Airtechnics Ltd., commenting on the transition. |