Systemair ABs has acquired the air handling unit manufacturer PHEM Engineering SDN BHD in Malaysia.
PHEM Engineering is a manufacturer of air handling units and fans for commercial applications with sales in South East Asia and Australia.
Its headquarters and production facility are located in Kuala Lumpur, Malaysia.
The company employs approximately 40 people and for the last financial year.
Systemair already has a business in Malaysia that employs approximately 140 people with a turnover of close to SEK 160 million.
Systemair CEO, Roland Kasper, said the acquisition gives Systemair access to expertise and locally manufactured air handling units for the fast-growing markets in Southeast Asia and Australia.
“PHEM Engineering manufactures and develops products that are customised to the local markets and complement Systemair' s offering well with no overlap in the existing product range,” Kasper said.
“We see good future synergies with Systemair's existing sales organisation across Southeast Asia and Australia.”