Systemair Strengthens North American Presence by Acquiring Temspec Incorporated

Systemair Expands Its Market Reach Through Acquisition of Temspec Incorporated

On July 23, 2026, Systemair AB, listed on the NASDAQ Stockholm, announced its acquisition of Temspec Incorporated, a prominent Canadian designer and manufacturer of decentralized HVAC equipment. With a strong foothold in the North American HVAC market, particularly for multi-storey buildings and educational institutions, Temspec aligns seamlessly with Systemair's mission to improve indoor climate through energy-efficient products.

A New Era for HVAC Solutions

Founded in 1971, Temspec has built a robust reputation for energy efficiency and noise reduction in its HVAC designs. Their headquarters and manufacturing facilities are located in Mississauga, Ontario, where about 90 employees contribute to the company’s success. Temspec recorded impressive revenues of approximately EUR 18 million (around CAD 29 million) in the fiscal year 2024/25, surpassing Systemair’s EBIT margin targets.

This acquisition marks a significant step for Systemair, solidifying its leadership in the North American air quality solutions sector. Robert Larsson, President and CEO of Systemair, emphasized the strategic nature of this acquisition, stating, "The acquisition of Temspec strengthens Systemair's position in the North American market, enabling us to lead in ventilation solutions specifically for schools."

Cultural Synergy and New Opportunities

The culture at Temspec reflects a strong customer-centric approach and entrepreneurial spirit, which are core values shared with Systemair. Mark Ellison, President of Temspec, expressed his enthusiasm for the merger, highlighting the mutual respect both companies have for each other’s values. He noted, "By joining a larger organization, our employees will have new opportunities to grow and contribute in different ways while our customers will benefit from expanded product offerings, greater resources, and stronger support."

This integration is anticipated to create an environment rich in opportunities for the combined workforce of approximately 645 employees, enhancing the existing distribution networks and product lines from both companies.

Looking Ahead

With a robust market strategy and a commitment to energy efficiency, the newly merged entity aims at tapping into greater revenue streams. As a leader in HVAC solutions, Systemair remains devoted to providing advanced products and services that ensure optimal indoor climates.

Through this acquisition, Systemair is poised not only to strengthen its market position but also to expand its innovative product range. The emphasis on energy-efficient solutions aligns with global trends toward sustainable development, ensuring that the company remains competitive and relevant in an ever-evolving industry landscape.

As it ventures into this new chapter, Systemair will continue to champion the importance of air quality in buildings for enhanced comfort, health, and productivity. The future looks promising for Systemair and Temspec, as both organizations work together to create greater value for their customers and stakeholders alike.

For further inquiries, please reach out to Robert Larsson at +46 72 232 95 70 or Anders Ulff at +46 70 577 40 09.

Conclusion

The acquisition of Temspec Incorporated by Systemair AB not only exemplifies a strategic business expansion but also strengthens their commitment to improving indoor climates across North America. By leveraging complementary strengths and resources, Systemair is on its way to becoming the undisputed leader in the HVAC market for schools and multi-storey buildings.