Systemair Enhances Ownership in Systemair HSK Türkiye
Systemair, a notable player in the ventilation industry, has recently acquired the final 10 percent share in Systemair HSK Türkiye. This strategic move was executed from the founding family, Ero?lu, solidifying Systemair's complete ownership of the Turkish subsidiary.
Evolution of Systemair HSK Türkiye
The journey towards full acquisition dates back to 2012, when Systemair initially obtained a 70 percent stake in HSK, followed by another 20 percent later that year. This move provided Systemair with a strong foothold in the Turkish market, which has shown robust growth over the years. Under Systemair's leadership, HSK Türkiye has expanded significantly, reporting sales of around EUR 55 million and employing approximately 350 dedicated staff.
Management Evolution and Market Strength
The management's strategic initiatives have propelled HSK Türkiye into a strong market position. A modern production facility, spanning 28,000 square meters, was established outside Istanbul, enhancing operational capacity. The Managing Director, Ayça Ero?lu, will continue to contribute to the company in a board role, ensuring that the company retains its local expertise while benefitting from Systemair's broader operational capabilities.
Acquisition Approval Process
While the acquisition signifies a major milestone for Systemair, it is contingent upon the regulatory approvals from Turkish competition authorities. The company anticipates receiving final approval within the coming months.
About Systemair
Systemair is recognized as a leading ventilation company with operations in 51 countries across various continents including Europe, North America, and Asia. They reported a turnover of SEK 12.3 billion in the latest financial year and continue to lead in sustainability with energy-efficient products aimed at improving indoor air quality.
Growth and Market Presence
Since its inception in 1974, Systemair has consistently reported operating profits, exemplifying steady growth averaging 9 percent annually over the past decade. The company's commitment to sustainability through innovative products helps reduce carbon emissions, contributing to a healthier environment.
Company Contact Information
For more inquiries, interested parties can contact the CEO, Roland Kasper at +46 73 094 40 13, or the CFO, Anders Ulff at +46 70 577 40 09. Systemair is located at SE-739 30 Skinnskatteberg.
Frequently Asked Questions
What is the significance of Systemair's acquisition?
This acquisition allows Systemair to have full ownership of HSK Türkiye, enhancing their market stake and operational efficiency in Turkey.
How has HSK Türkiye performed under Systemair’s management?
HSK Türkiye has experienced significant growth, achieving sales of approximately EUR 55 million and expanding its workforce substantially.
What are the future plans for HSK Türkiye after the acquisition?
Post-acquisition, HSK Türkiye aims to maintain its growth trajectory while benefiting from Systemair’s broader resources and expertise.
What does the approval process entail?
The acquisition is pending approval from Turkish competition authorities, which is a standard procedure for such significant business transactions.
How does Systemair contribute to environmental sustainability?
Systemair focuses on developing energy-efficient ventilation solutions that significantly reduce carbon dioxide emissions, contributing to a better indoor climate.
