Munters signs an agreement to acquire Geoclima and broadens its offering for data center cooling solutions
"We are delighted to welcome Geoclima to the Munters family. This strategic acquisition allows us to accelerate our development of energy efficient data center cooling solutions and strengthens our global offering," says Klas Forsström, President and CEO of Munters.
Through the proposed acquisition Munters gains access to chiller technology, which plays a critical role in the data center cooling market today.
"The addition of Geoclima's technology and talent to DCT is truly exciting. Geoclima has a very similar DNA to Munters in that it focuses on more energy-efficient solutions and has the competence to tailor solutions to the customer's needs. Through this acquisition, our range of comprehensive solutions for our customers becomes more complete," says Stefan Aspman, President of
Geoclima's net sales for FY 2023 amounted to approximately MSEK 455 (MEUR 40.1). The privately owned company was established in 1994, employes 165 people and has its headquarters in northeastern
Closing of the acquisition will occur after a restructuring of the legal entities of the Geoclima group is completed and is subject to customary closing conditions applicable in
For more information
Investors and analysts
Ann-Sofi Jönsson, Vice President, Investor Relations and Group Risk Management
E-mail: ann-sofi.jonsson@munters.com, Phone: +46 (0)730 251 005
Line Dovärn, Director Investor Relations
E-mail: line.dovarn@munters.com, Phone: +46 (0)730 848 844
Media
E-mail: eva.carlsson@munters.com, Phone: +46 (0)70 88 33 500
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The following files are available for download:
Munters press release 17 Juli 2024 |
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Geoclima-supplier-of-air-and-water-cooled-chillers |
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