What Systema does

Systema S.p.A. is an Italian manufacturer of industrial and civil heating and air conditioning equipment, founded in 1986 and headquartered in Santa Giustina in Colle (Padova), Italy. The company's product portfolio spans radiant heating (OHA radiant strips, INFRA radiant tubes, SCR ceramic emitters, EOLO heaters), cooling and heat pumping (lithium bromide absorption chillers, FRESCO OK evaporative coolers, HANA heat pumps, SHP-HT high-temperature heat pumps, CLIMABREEZE condensing modules), and proprietary selection software used to size systems for each application. Underlying technology is primarily mechanical and thermal, with five European/International patents covering the OHA radiant strip line and IMQ certification under EN 17175:2019 plus ISO 9001 quality certification since 2003. Target customers include industrial manufacturers (Michelin-Edison, Allu's, Swisspearl, Proserpio, FIMMA), healthcare facilities (Ospedale Mauriziano, Ospedale Miulli), aviation (Aer Lingus), education (Politecnico di Bari, Campus Savona University), sports venues (padel clubs), and energy/utilities (Zero Emission Cooling GmbH, A2A Fornace).

Systema generates revenue through project-based, quote-driven sales of engineered HVAC equipment and accompanying selection software, supported by an international distribution network covering more than 30 countries via direct subsidiaries and independent distributors. The business model is based on customization to application requirements rather than standardized SKU sales, with go-to-market relying on technical specification, on-site engineering support, and channel partnerships. The IMQ certification enables customers to access the Italian 65% tax credit (Industria 4.0 / Transizione 4.0 regime), which is a meaningful demand-side catalyst for domestic buyers and a competitive lever versus uncertified imports. In January 2021, Rosehope Group acquired a 54% majority stake, restructured the leadership team (Tighe Noonan as Chairman, David Bassi as COO), and the company has since launched the OHA and INFRA BAF DES product lines, expanded into new geographies (notably Korea and additional European markets), and entered adjacent verticals such as padel clubs and greenhouse applications.

Name

Systema

Legal name

Systema S.p.A.

Website

https://systema.it

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

11–50 employees

Short description

Systema S.p.A. is an Italian industrial HVAC manufacturer (founded 1986) designing radiant heating, absorption cooling, and heat pump systems for industrial, healthcare, education, aviation, and sports facilities across 30+ countries.

Ownership category

akta.pro rank

Product category

Industrial HVAC Equipment

NAICS

Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341)

SIC

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), HVAC Controls & Optimization (Smart Thermostats, VAV, Chillers/Boilers Controls) (BPABAGAB)

Keywords

• Industrial heating systems
• HVAC equipment manufacturing
• Absorption chillers
• Radiant heating tubes
• Air handling units

Headquarters

HQ city

Santa Giustina In Colle

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Industrial Heating Equipment Sales: Systema designs and produces heating equipment including radiant tubes (INFRA), radiant strips (OHA), ceramic emitters (SCR), suspended heaters (EOLO), and condensing modules (CLIMABREEZE). Products are sold to industrial and commercial customers.
2. Absorption Cooling Systems: Sale of lithium bromide absorption chillers for industrial and civil applications, including PACKAGE monoblock versions, solar cooling systems, and heat recovery units.
3. Evaporative Cooling Systems: Sale of FRESCO OK evaporative air coolers for industrial environments, commercial spaces, and agricultural facilities.
4. Technical Services and Support: Technical assistance, design support, and authorized service center network providing installation and maintenance services.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Systema designs and manufactures industrial and civil heating, ventilation, and air conditioning (HVAC) equipment. Its offerings include radiant tubes, radiant strips, and ceramic emitters for industrial process heating; lithium bromide absorption chillers and evaporative coolers for cooling; and air handling units, induction units, air curtains, heat recovery units, fan coils, rooftop units, chillers, and VRF systems for indoor climate control. The company sells to industrial manufacturers, hospitals, agricultural facilities, automotive operations, and commercial premises.

Product overview

Systema S.p.A. is an Italian company (founded 1986) specializing in industrial and civil heating and air conditioning solutions. The product portfolio consists of three main categories: (1) Heating Systems including radiant strip heaters (OHA URHE, OHA RHE, OHA 18-36), radiant tube modules (INFRA ES), ceramic emitters (SCR ECO, SCR ELE), suspended and floor-standing hot air generators (EOLO BC/VIP), heat pumps (HANA, SHP-HT), and condensing heat modules (CLIMABREEZE); (2) Absorption and Ecoenergy Solutions featuring lithium bromide absorption chillers (ASSORBITORI) for trigeneration, solar cooling, and heat recovery applications; and (3) Evaporative Cooling Systems (FRESCO OK). The company also provides proprietary design software for system sizing. Systema operates globally with direct subsidiaries and distributor networks across more than 30 countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Radiant Tubes

Quantifiable outcome

• 65% tax incentives available for OHA radiant strip system replacements under Italian Regulation 296/2006
• +5 more outcomes

Named customers18 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core and regional.

• David BassicoreOthersAppointed as Chief Operative Officer (COO) as part of the organizational restructuring following Rosehope Group's investment.
• Michele IandolocoreOthersAppointed as Sales and Marketing Manager as part of the organizational restructuring following Rosehope Group's investment.
• Beretta (Denmark)regionalChannel Partner/ Reseller/ DistributorDanish partner with whom Systema exhibited at VVS 2015 Trade Fair in Odense, Denmark. Partnership aimed at consolidating presence in the Danish market.
• Zero Emission Cooling GmbH (Germany)regionalTechnology or IntegrationGerman customer utilizing Systema's 500 kW lithium bromide absorption chiller at low temperatures 80/65°C with FREECOOLING version, powered by district heating network.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Cotherm: French designer and manufacturer of HVAC solutions including radiant ceiling panels, fan coils, and air handling units. Comparable in scale and product category (radiant heating/air distribution) to Systema's industrial heating range.
• Ferroli: Italian heating, cooling, and renewable energy manufacturer (boilers, heat pumps, chillers). Direct peer in industrial and residential HVAC from a similar Italian industrial base, though larger and more diversified.
• Robur: Italian manufacturer specializing in gas-fired absorption chillers (also ammonia/water and water/water), condensing boilers, and high-efficiency heating products. Most direct comparable to Systema on absorption cooling and radiant heating technology.
• Ariston Group: Italian-headquartered global manufacturer of heating and hot-water systems (condensing boilers, heat pumps, components). Overlaps with Systema's heating portfolio but operates at significantly larger scale across residential and light-commercial segments.

Broad incumbents

• Viessmann: German-headquartered global incumbent in heating, industrial and refrigeration systems, including heat pumps and decarbonized HVAC. Overlaps with Systema's industrial heating portfolio but at global scale with deeper R&D resources.
• Bosch Thermotechnology: Division of Bosch manufacturing heating, hot water, and air-conditioning solutions (including industrial/commercial systems). Broad incumbent competing with Systema on industrial heating and absorption cooling at global scale.
• Trane Technologies: Global HVAC and building services incumbent offering chillers, heat pumps, and thermal management for commercial and industrial applications. Competes with Systema's absorption/cooling portfolio via its Trane and Thermo King brands.
• Daikin: Japanese global leader in air-conditioning, heating, and refrigeration with strong European presence. Competes with Systema in commercial/industrial cooling and is rapidly expanding heat-pump offerings overlapping with HANA/SHP-HT.
• BDR Thermea Group: European-headquartered heating and hot-water solutions group (brands include Baxi, De Dietrich Thermique, Remeha). Comparable industrial/commercial heating portfolio with broader geographic and product reach than Systema.
• Carrier Global: Global HVAC incumbent with strong industrial/commercial refrigeration and chiller portfolio. Competes with Systema's absorption chillers and broader industrial HVAC at enterprise scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/systema-s.p.a.

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

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 Systema