Systemair

What Systemair does

Systemair AB is a Swedish-listed (Nasdaq Stockholm: SYS AIR) manufacturer of ventilation, heating, and cooling products headquartered in Skinnskatteberg, Sweden, founded in 1974. The company designs and produces a broad HVAC portfolio centered on its flagship Geniox modular air handling unit platform (airflows from 750 to 110,000 m³/h), the Eurovent-certified BA Unit range produced in India, the SAVE residential ventilation line with smart-home integrations (Amazon Alexa, Google Home, IFTTT), and a comprehensive offering of axial/duct/EC fans, air distribution products, air curtains (Frico brand), heaters, and fire/smoke control solutions. Technology differentiators include the Systemair Access control platform with Modbus/BACnet and cloud connectivity, the #HygienicByDesign initiative aligned with VDI 6022-1, and certifications from Eurovent, AMCA, AHRI, HVI, BSI, and UL.

Systemair generates revenue through hardware sales of HVAC equipment via a globally distributed model: 90 subsidiary companies across 51 countries, 25 production facilities, and exports to 135+ countries. Sales are executed through direct subsidiaries and distribution partners serving contractors, installers, consultants, distributors, and investors across commercial buildings, residential, industrial, hygiene-sensitive (healthcare, pharma, cleanrooms), and specialized (cold storage, commercial kitchens) segments. In FY2024/25 the company reported sales of SEK 12.3 billion.

The group's growth model combines organic expansion (8.2% organic growth in Q2 2025/26, 7.0% for H1) with bolt-on M&A — recent deals include PHEM Engineering in Malaysia (2024) and NADI Airtechnics in India (2025) — and greenfield capacity, notably the Riyadh manufacturing facility inaugurated in October 2025 to serve the GCC. In March 2023, Systemair divested its air-conditioning business to Panasonic to refocus on core ventilation. Leadership transitioned on January 2, 2026, with Robert Larsson succeeding Roland Kasper as President and CEO. The company maintains an explicit goal to double in size within seven years, supported by an average of 100 patents filed annually and an active presence in 50+ industry associations with 30+ leadership positions.

Name

Systemair

Legal name

Systemair AB

Website

https://systemair.com

Company type

Public

Founded year

1974

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Systemair AB is a Swedish-listed global manufacturer of energy-efficient ventilation, heating, and cooling products — including modular air handling units (Geniox), residential ventilation (SAVE), and fans — serving commercial, residential, industrial, and hygiene-sensitive customers across 51 countries through 90 subsidiaries and 25 production facilities.

Ownership category

akta.pro rank

Product category

HVAC Ventilation Equipment

NAICS

Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing (333413), Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512)

SIC

Industrial & Commercial Fans & Blowers & Air Purifing Equip (3564), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

HVAC Equipment (Heating, Cooling & Air Handling) (IMAHAKAB)

akta.pro secondary industries

Ventilation, Ducting & Air Distribution Equipment (IMAHAKAG), Compressors, Refrigeration Components & Condensing Units (IMADANAG)

Keywords

• Air handling units
• HVAC ventilation systems
• Commercial ventilation fans
• Residential heat recovery
• Air distribution products

Headquarters

HQ city

Sundnes

HQ country

Norway

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. HVAC Equipment Sales: Systemair generates revenue through manufacturing and selling ventilation, heating, and cooling products including air handling units, fans, residential ventilation systems, air distribution products, fire safety equipment, air curtains, and heaters. Sales are conducted through global subsidiaries and distribution channels.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Systemair manufactures and sells a comprehensive range of HVAC products including air handling units (Geniox modular platform, BA Units, Topvex), residential ventilation systems (SAVE range), axial and duct fans, air distribution products, air curtains, heaters, and fire safety/smoke control solutions. The company sells through 90 subsidiary companies across 51 countries with 25 production facilities, exporting to more than 135 countries. Market se

Product overview

Systemair offers a comprehensive HVAC product portfolio consisting of modular air handling unit platforms (Geniox, Geniox Core, Geniox Go, Geniox HP, Geniox HP DFN, Geniox Side-by-Side, Geniox VOClean, BA Unit, Topvex), residential ventilation systems (SAVE range with various configurations), fan products (axial, duct, EC fans), air distribution products, air curtains, heaters, and fire safety solutions. The portfolio is supported by control systems (Systemair Access, SAVE CONNECT/Touch/Light, SAVE PRO) and configuration software (SystemairCAD). Key differentiators include #HygienicByDesign principles, Eurovent certification across major product lines, and smart home integrations via SAVE CONNECT. The Geniox platform forms the flagship modular AHU offering while SAVE serves the residential market segment, with BA units targeting medium-to-high pressure commercial applications.

Differentiator

Problem solved

Functional benefit

Brands

• Geniox: Flagship range of modular air handling units offering ultimate flexibility to suit every project. Includes Geniox Core, Geniox Go, Geniox HP, and Geniox VOClean variants.
• Systemair Access
• SAVE CONNECT
• BA
• SAVE
• SystemairCAD
• Geniox Go
• #HygienicByDesign
• Systemair Connect
• SAVE PRO
• Access Connect
• SAVE TOUCH
• SAVE LIGHT

Products and services

• Geniox Modular Air Handling Unit Platform Flagship modular air handling unit platform offering configurability for airflows from 750 to 110,000 m³/h with multiple heat exchanger options, integrated heat pumps, and Systemair Access wireless control. Designed for commercial and industrial ventilation applications.
• Geniox Core AHU Compact modular air handling unit delivering Geniox performance in a smaller footprint with fast delivery. Available in 7 sizes (750-17,500 m³/h) suitable for indoor and outdoor installations, designed for tight spaces.
• Geniox Go AHU Preconfigured modular air handling unit offering excellent performance and energy savings with built-in flexibility. Supports airflows between 2,000-35,000 m³/h with compact design fitting through standard door frames for quick installation.
• Geniox HP (Heat Pump) AHU Complete air handling unit with integrated reversible heat pump using R410A refrigerant and rotary heat exchanger. Provides heating, cooling, and ventilation in a single unit with airflow rates from 720 to 30,000 m³/h.
• Geniox HP DFN AHU Air handling unit with integrated reversible heat pump using natural refrigerant R290 (GWP 0.02) for F-gas compliance. Combines ultra-low GWP with high energy efficiency (COP up to 16, EER up to 9, heat recovery up to 90%) in a single integrated ventilation solution.
• Geniox Side-by-Side (SBS) AHU Low-profile air handling units designed for rooftop installation with side-by-side air stream arrangement. Airflows from 600 to 20,000 m³/h with flat design for architectural integration.
• Geniox VOClean Ecology Unit High-performing, energy-saving ecology units designed specifically for commercial kitchen applications, featuring specialized filtration and ventilation for kitchen environments.
• BA Unit Air Handling Unit Eurovent-certified modular air handling units suitable for medium to high air pressure systems. Handle airflows from 1,000 to 178,000 m³/h with static pressure up to 2,300 Pa. Designed and produced in Systemair India with AMCA-accredited laboratory.
• Topvex Air Handling Unit Air handling units with integrated controls, providing energy-efficient ventilation with user-friendly interface and flexible configuration options.
• SAVE Residential Air Handling Units Residential ventilation units providing fresh, clean air for homes. Available in various configurations including top-connected, side-connected, and ceiling-mounted models with heat recovery for energy-efficient ventilation in spaces up to 550m².
• Fans (Axial, Duct, EC) Comprehensive range of fans including AXC-EC axial fans, MUB insulated duct fans, and various centrifugal and axial configurations for commercial and industrial ventilation applications.
• Air Distribution Products Products including VELO louvers, diffusers, grilles, and clean filtering cassettes (CFC-A, CFC-W with HEPA H14 filters) for distributing conditioned air throughout buildings.
• Air Curtains (Frico) Air curtain products (Frico brand) for creating invisible barriers at doorways to separate indoor and outdoor environments, improving energy efficiency and comfort.
• Heaters Heating products including fan heaters and heating coils for air handling units, providing supplementary heating for ventilation systems.
• Fire Safety Products Fire safety ventilation products including smoke control solutions for residential and commercial buildings, including products from acquired SCS Engineering Ltd.
• NADI Industrial Fans Industrial fans including centrifugal blowers, axial fans, centrifugal fans, railway cooling fans, and specialized solutions for carbon capture and environmental applications, manufactured by NADI Airtechnics in Chennai, India.
• Menergas High-Efficiency Ventilation Units High-efficiency ventilation units designed for swimming pools, water parks, and low-energy buildings, manufactured by Menergas (Systemair subsidiary) at the Maribor, Slovenia facility.

Quantifiable outcome

• 2.6 TWh lower energy consumption enabled annually by modular equipment sold in Europe
• +5 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature8 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Panasonic CorporationcoreStrategic or Co-development PartnerPartnership signed for development of integrated HVAC solutions for commercial premises and homes, focusing on sustainable HVAC solutions. The agreement was completed on March 1, 2023, with Systemair divesting air-conditioning business to Panasonic.
• ebm-papst ABcoreOthersOriginally a supplier of fan motors, ebm-papst became a partner through their Swedish subsidiary Ziehl-ebm. Today ebm-papst AB is Systemair's second-largest shareholder.
• Ziehl-AbeggminorOthersGerman manufacturer of fan motors that was an early supplier to Systemair, becoming a partner through their Swedish subsidiary.
• NADI Airtechnics Ltd.coreOthersAcquired in 2025, NADI is a leading manufacturer in India of engineered industrial fans offering high-performance centrifugal blowers, axial fans, centrifugal fans, railway cooling fans, and specialized solutions for carbon capture and environmental applications. Head office and manufacturing plant in Chennai employs more than 220 FTEs.
• SCS Engineering Ltd.minorOthersUK-based company acquired by Systemair, together with subsidiary Smoke Control Services Ltd. SCS is a UK-based leader in smoke control solutions for residential and commercial buildings.
• PHEM Engineering SDN. BHD.minorOthersAcquired in 2024, PHEM Engineering is a manufacturer of air handling units and fans for commercial applications with sales in South East Asia and Australia.

Scale indicators13 records

Recent moves10 records

Expansion highlights7 records

Others

• Panasonic Corporation: Japanese electronics and HVAC major that acquired Systemair's Italian and German air-conditioning businesses in 2023. Now a strategic partner to Systemair for integrated HVAC solutions in commercial and residential premises, while also competing in adjacent HVAC categories.

Direct peers

• Trox Group: German manufacturer of ventilation components, air handling units, and indoor air distribution systems. Directly competes with Systemair in commercial ventilation and air distribution across Europe.
• Swegon: Swedish manufacturer of indoor environment solutions including air handling units, ventilation, and air distribution products serving commercial and residential markets in Europe. Closely comparable to Systemair in product portfolio, Nordic origins, and customer base.
• Volution Group: UK-listed ventilation products manufacturer with brands including Vent-Axia and Fresh. Comparable to Systemair in residential and commercial ventilation, fans, and indoor air quality segments in Europe and Australia.
• Zehnder Group: Swiss manufacturer of indoor climate solutions including heat recovery ventilation, radiators, and air handling systems. Competes with Systemair in residential ventilation across European markets.
• FläktGroup: European-based specialist manufacturer of air handling units, fans, and air management solutions for commercial buildings. Highly comparable as a direct competitor in modular AHU markets with overlapping certifications and customer segments.

Broad incumbents

• Daikin Industries: Global HVAC leader with comprehensive air conditioning, ventilation, and refrigeration portfolio. Overlaps with Systemair through integrated AHU and heat pump solutions globally; acquired the residential/commercial AC businesses of Systemair-Italy/Germany via the 2023 deal with Panasonic.
• Carrier Global Corporation: One of the world's largest HVAC manufacturers offering commercial and residential heating, cooling, and ventilation. Competes broadly with Systemair's commercial AHU portfolio globally.
• Trane Technologies: Global HVAC incumbent offering commercial and residential heating, ventilation, and air conditioning systems. Overlaps with Systemair in commercial building ventilation and integrated AHU controls.
• Mitsubishi Electric: Japanese conglomerate with substantial HVAC presence including commercial air handling and ventilation equipment. Competes with Systemair in commercial building HVAC globally.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/c/SystemairGroup
• LinkedInlinkedin.com/company/systemair
• Xx.com/systemair

Compliance15 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Systemair