Systemair buys Temspec to expand North American HVAC reach

Systemair completed its acquisition of Canadian HVAC maker Temspec on July 23, 2026, adding a specialist in decentralized equipment for schools and multi-storey buildings. The deal strengthens Systemair’s North American business and broadens its ventilation offering for a key market segment.

Why it matters: - Systemair is using the Temspec deal to deepen its North American presence in ventilation and HVAC. - The acquisition adds a Canadian company with an established position in school and multi-storey building applications. - Systemair says the combination creates revenue-growth opportunities through complementary products and an existing sales representative network.

What happened: - Systemair AB completed its acquisition of Temspec Incorporated on July 23, 2026. - Temspec designs and manufactures decentralized HVAC equipment in Canada. - Temspec’s head office and manufacturing plant are in Mississauga, Ontario. - Temspec employs about 90 people. - Temspec will be integrated into Systemair’s North American operations, which employ about 555 people.

The details: - Temspec was founded in 1971 and has operated for 55 years. - Temspec holds a strong position in the North American HVAC market for multi-storey buildings and school applications. - Temspec focuses on energy efficiency and noise reduction to support quiet, efficient comfort. - In fiscal 2024/25, Temspec generated about EUR 18 million, or about CAD 29 million, in revenue. - Temspec posted an EBIT margin above Systemair’s target. - The company’s culture is described as similar to Systemair’s, with a strong customer focus and entrepreneurial spirit. - Systemair said the deal strengthens its position in North America and makes it the undisputed leader in ventilation solutions for schools.

Between the lines: - The acquisition gives Systemair a stronger foothold in a niche HVAC category where product fit and customer relationships matter. - Temspec’s school-focused portfolio and representative network may help Systemair cross-sell in a market that values energy efficiency and low noise. - The deal also brings a profitable business into Systemair’s North American platform.

What’s next: - Temspec’s business will be folded into Systemair’s North American operations. - Systemair expects the combined product set and sales network to support revenue growth. - Employees at Temspec are expected to gain broader opportunities inside a larger organization, while customers get expanded products and support.