Munters

Munters plans to invest SEK 250 million to expand and modernise its Tobo factory in Sweden, adding automated lines and 9,000 m2 to make GLASdek humidification medium, with completion expected by 2026.

Munters has inaugurated its second manufacturing unit in Malur, Karnataka, to produce localized dehumidification and air handling unit solutions for India and the Asia Pacific region. The article is dated January 8, 2025 and the opening was described as recent.

Munters received an order worth $137m from a leading US data centre colocation operator for SyCool Split dry cooling systems and field service. Delivery is scheduled for 2025.

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.

Munters relocated operations from Buena Vista, Virginia to a new 34,000 m2 factory in Daleville, Virginia with twice the manufacturing capacity and more than 150 new jobs, its largest plant in the Americas.

Munters Group AB will invest $36 million in a 365,000 sq ft facility at Botetourt Center at Greenfield, Virginia, to replace its Buena Vista plant. The company plans to retain its approximately 200 workers.

Munters received three orders from an unnamed leading Chinese vehicle and electronics company for low-humidity climate solutions for lithium battery production, with a total value of about SEK 120 million. Delivery is expected in the first half of 2019.

Alfa Laval and Honeywell are reportedly bidding for Munters, a climate control maker owned by Nordic Capital, in a potential deal of 10 billion Swedish crowns, according to sources.