# Munters signs agreement to acquire Geoclima

Munters has signed an agreement to acquire Geoclima, an Italian manufacturer of air- and water-cooled chillers. Geoclima's net sales for FY 2023 were approximately MSEK 455 (MEUR 40.1). The acquisition is expected to close in the second half of 2024.

- Type: Acquisition
- Announced: 2024-07-17
- Where: northeastern Italy, Italy
- Value: $43.0M (455.0M SEK)
- Status: announced
- Products: air- and water-cooled chillers, data center cooling solutions
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Munters](https://endata.com/companies/622.md) (acquirer)
- [Geoclima](https://endata.com/companies/36415.md) (target)

## Sources

- [munters.com](https://www.munters.com/en-us/news-media/press-releases/2024/munters-signs-an-agreement-to-acquire-geoclima-and-broadens-its-offering-for-data-center-cooling-solutions/), 2024-07-17: "This strategic acquisition allows us to accelerate our development of energy efficient data center cooling solutions and strengthens our global offering."
- [datacentremagazine.com](https://datacentremagazine.com/data-centres/munters-acquires-geoclima-manufacturer-of-data-centre-hvac), 2024-07-23: "Munters has acquired Geoclima to boost its energy-efficient data centre cooling solutions, strengthen its global offering & meet customer needs."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.