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Investing.com -- Systemair has acquired NADI Airtechnics Ltd., an Indian manufacturer of engineered industrial fans, adding over 220 employees to its workforce.
The acquisition brings a complementary product portfolio to Systemair, including high-performance centrifugal and axial fans, railway cooling systems, and environmental solutions such as carbon capture technology.
NADI Airtechnics is expected to generate approximately €13.5 million in turnover for the 2024/2025 fiscal year, with an EBIT margin exceeding Systemair’s 10% target.
The deal strengthens Systemair’s industrial capabilities and establishes a strong position in India’s rapidly growing market. NADI’s headquarters and manufacturing facility in Chennai will be integrated into Systemair’s global operations.
This acquisition aligns with Systemair’s strategy to expand in high-potential regions and grow its industrial segment. NADI’s products complement Systemair’s existing infrastructure portfolio and create new opportunities in Europe and North America, particularly in railway and MRT sectors.
The transaction is expected to close during Systemair’s second quarter, which runs from August to October.
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