# Munters agrees to acquire Indian dehumidification maker ZECO

Munters has signed an agreement to acquire ZECO Aircon Limited, an Indian air treatment manufacturer headquartered in Gurgaon, for an estimated enterprise value of MSEK 790. The deal is expected to close before year-end and will be financed through existing credit facilities.

- Type: Acquisition
- Announced: 2023-09-04
- Where: Gurgaon, India
- Value: $74.0M (790.0M SEK)
- Status: announced
- Products: air handling units, dehumidification solutions
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Munters](https://endata.com/companies/622.md) (acquirer)
- [ZECO Aircon](https://endata.com/companies/10960.md) (target)

## Sources

- [munters.com](https://www.munters.com/en-us/news-media/press-releases/2023/munters-signs-an-agreement-to-acquire-zeco-and-strengthens-its-market-position-in-india/), 2023-09-04: "Munters has signed an agreement to acquire ZECO, an Indian manufacturer of air handling solutions."

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