Systemair buys Canada’s Temspec to expand school HVAC reach

Systemair has acquired Temspec Incorporated, a Canadian maker of decentralized HVAC equipment, in a deal completed July 23, 2026. The purchase strengthens Systemair’s North American footprint, especially in ventilation systems for schools and multi-storey buildings.

Why it matters: - The acquisition expands Systemair’s North American business with a company that has a strong position in school and multi-storey building HVAC applications. - Systemair gains products built around energy efficiency and noise reduction, two priorities in indoor climate systems. - The deal gives Systemair a bigger platform in a market where the company sees room for revenue growth.

What happened: - Systemair AB acquired Temspec Incorporated on July 23, 2026. - Temspec is a Canadian designer and manufacturer of decentralized HVAC equipment. - Systemair is listed on Nasdaq Stockholm under the ticker SYSR.

The details: - Temspec was founded in 1971 and is based in Mississauga, Ontario. - Temspec employs about 90 people. - Temspec reported fiscal 2024/25 revenue of about EUR 18 million, or roughly CAD 29 million. - Temspec posted an EBIT margin above Systemair’s target in fiscal 2024/25. - Systemair will fold Temspec into its North American operations, which employ about 555 people. - Systemair said Temspec’s product line and sales representative network complement its own business. - Systemair CEO Robert Larsson said the acquisition strengthens the company’s North American position and makes Systemair the “undisputed leader” in ventilation solutions for schools. - Temspec President Mark Ellison said the partnership should create growth opportunities for employees and expand customer offerings and support.

Between the lines: - The purchase looks aimed at deepening Systemair’s presence in a specialized HVAC niche rather than adding scale alone. - Temspec’s school focus fits Systemair’s effort to win more share in ventilation applications where comfort, quiet operation and efficiency matter. - The similar corporate cultures described by both companies suggest Systemair wants a relatively smooth integration.

What’s next: - Temspec will be integrated into Systemair’s North American operations. - Systemair expects the combined sales network and product lineup to support revenue growth. - Customers should see broader product offerings and more support as the integration advances.

The bottom line: - Systemair bought a profitable Canadian HVAC specialist to strengthen its North American position and push harder into school ventilation.