Systemair buys Canada’s Temspec to expand North American HVAC reach

Systemair has acquired Temspec Incorporated, a Canadian maker of decentralized HVAC equipment, in a deal completed July 23, 2026. The purchase adds a school- and multi-storey-focused product line, a Mississauga manufacturing base, and about 90 employees to Systemair’s North American business.

Why it matters: - The acquisition strengthens Systemair’s position in North America, especially in ventilation solutions for schools. - Temspec adds complementary products and an established sales representative network that Systemair expects to support revenue growth. - The deal expands Systemair’s footprint in a market where energy efficiency and noise reduction are increasingly important buying factors.

What happened: - Systemair AB acquired Temspec Incorporated as of July 23, 2026. - Temspec is a Canadian designer and manufacturer of decentralized HVAC equipment. - Temspec is based in Mississauga, Ontario, and has operated since 1971. - Systemair will integrate Temspec into its North American operations.

The details: - 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 deliver quiet and efficient comfort. - The company employs about 90 people. - Temspec reported fiscal 24/25 revenue of about EUR 18 million, or roughly CAD 29 million. - Temspec posted an EBIT margin above Systemair’s target in fiscal 24/25. - Systemair’s North American operations employ about 555 people today. - Systemair said Temspec’s corporate culture is similar to its own, with a strong customer focus and an entrepreneurial spirit.

Between the lines: - The acquisition gives Systemair a deeper position in school ventilation, a niche where product fit and installed relationships can matter as much as scale. - Temspec’s established representative network could help Systemair push a broader portfolio through an existing channel. - Mark Ellison, Temspec’s president, said the deal should create growth opportunities for employees and give customers expanded offerings, greater resources, and stronger support. - Robert Larsson, Systemair’s president and CEO, said the acquisition creates significant opportunities for revenue growth.

What's next: - Temspec will be folded into Systemair’s North American business. - Systemair is expected to use the combined product set and sales network to expand in school and commercial ventilation. - The companies did not disclose financial terms for the acquisition.

The bottom line: - Systemair is buying a profitable Canadian HVAC specialist to sharpen its North American strategy and widen its reach in school ventilation.