Systemair has signed an agreement to acquire NADI Airtechnics Ltd., a leading manufacturer of industrial fans in India.
NADI Airtechnics Private Limited ("NADI") is a leading manufacturer in India of engineered industrial fans offering high-performance centrifugal blowers, axial fans, centrifugal fans, railway cooling fans, and specialised solutions for carbon capture, and other environmental applications.
NADI`s head office and manufacturing plant in Chennai is fully owned by the company which has 220 staff.
Systemair CEO, Roland Kasper, said this acquisition adds strong industrial fans competence and brings a complementary product range for industrial applications to Systemair.
“NADI provides us with a leading position in India on industrial fans and the railway segment, with competence and products on high-performance blowers and fans for industrial applications," he said.
"The acquisition of NADI will strengthen our position in the industrial segment and expand our presence in India, which is a targeted growth area for Systemair.
“Through NADI´s excellent range of smaller axial fans, we will get a competitive range to complement our offering for infrastructure projects. In addition, we see great potential in scaling NADI's sales also in Europe and US for railway and MRT applications.”
The Kamdar family founded NADI seven decades ago and the deal is expected to close during Systemair’s second quarter.