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EY India acted as the exclusive sell-side M&A advisor to the shareholders of NADI Airtechnics
EY has successfully advised the shareholders of NADI Airtechnics Private Limited on signing the definitive agreements for the divestment of 100% stake to Systemair AB
NADI Airtechnics
One of India’s leading manufacturers of engineered industrial fans and blowers for high-performance air movement applications. Headquartered in Chennai, NADI designs and supplies custom centrifugal and axial fan solutions for sectors such as railways, power, automotive, chemicals, and food processing. The company employs over 200 people and reported revenue of approximately INR 1,350 million in FY 2024-25.
Systemair AB
A global leader in ventilation solutions, offering energy-efficient products that improve indoor air quality and reduce carbon emissions. With operations in 51 countries across Europe, North America, the Middle East, Asia, Australia, and Africa, Systemair reported sales of SEK 12.3 billion in FY 2024-25 and employs around 6,700 people worldwide.
This transaction provides a successful exit for the shareholders of NADI Airtechnics. It reinforces significant interest from global strategic investors towards Indian industrial and manufacturing companies with strong technical and execution capabilities, along with sound financial health. This acquisition shall provide Systemair with strong industrial fans competence and further strengthen and expand their presence in India. The acquisition also highlights EY India’s strong industrial M&A practice and the cross-border deal making capabilities.