Munters AB - M&A Summary and Business Overview

ManufacturingCompany

Munters AB M&A Summary

Munters AB has acquired 8 companies, including 2 in the last 5 years. It has also divested 1 asset.

Munters AB’s largest acquisition to date was in 2023, when it acquired Zeco Aircon for $94M. It’s largest disclosed sale occurred in 2025, when it sold Munters - FoodTech Equipment Operations to Grain & Protein Technologies for $110M. Munters AB has acquired in 1 US state, and 7 countries. The Company’s most targeted sectors include manufacturing (50%) and software (25%).

Munters AB Business Overview

Where is Munters AB headquartered?

Munters AB is headquartered in Kista, Sweden.

How many employees does Munters AB have?

Munters AB has 2,160 employees.

What sector is Munters AB in?

Munters AB is a manufacturing company.

When was Munters AB founded?

Munters AB was founded in 1955.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity8
    • M&A Sell Activity1
  • Total Sectors Invested 4
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 1
  • M&A Advisors 2

Munters AB

Isafjordsgatan 1 Kista,
Kista, S-164 26
Sweden,
+46 8 626 63 00
www.munters.com

Munters is a global leader in energy efficient air treatment solutions based on expertise in humidity and climate control technologies. Customers are served in a wide range of segments, the most important being food- and pharmaceutical industries.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.4/yr) # 6 - - 1 1 - 8
vol $94M $94M
Sell (0.2/yr) # - - - - - 1 1
vol $110M $110M
  9

Most Recent M&A

Company Date Value Type
Munters - FoodTech Equipment Operations 2025-02-09 110M EUR Divestiture
Kista, Sweden
Geoclima S.r.l. 2024-07-17 - Add-on Acquisition
Ronchi dei Legionari, Italy · www.geoclima.com
Zeco Aircon Ltd. 2023-09-04 94M SEK Add-on Acquisition
Gurgaon, India · www.zecoaircon.com
Edata Tecnologia 2017-05-30 - Add-on Acquisition
Jaú, Brazil · www.edata.com.br
Kevin Enterprises Pvt. Ltd. 2017-04-03 - Add-on Acquisition
Mumbai, India · www.kevincpp.com
MTech-Systems USA LLC 2017-02-14 - Add-on Acquisition
Atlant, Georgia · www.mtech-systems.com
Rotem Control and Management 2016-02-05 - Add-on Acquisition
Petach-Tikva, Israel · www.rotem.com
REVENTA GmbH 2015-11-24 - Add-on Acquisition
Horstmar, Germany · www. reventa.de
HB Group Almelo BV 2015-07-08 - Add-on Acquisition
Almelo, Netherlands · www.hbgroup.nl
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 4 (50%) 94M (100%) - -
Software 2 (25%) - - -
Machinery 1 (13%) - 1 (100%) 110M (100%)
Technology Hardware 1 (13%) - - -
Total 8 $94M 1 $110M

By Geo

State/Country Buy Value Sell Value
India 2 94M - -
Brazil 1 - - -
Germany 1 - - -
Israel 1 - - -
Italy 1 - - -
Netherlands 1 - - -
Sweden - - 1 110M
United States 1 - - -
  Georgia 1 - - -
Domestic - - 1 (100%) 110M (100%)
Cross-border 8 (100%) 94M (100%) - -
Total 8 $94M 1 $110M

Top M&A Advisors

Financial Deals
Rabobank Securities
1
Legal Deals
Mannheimer Swartling Advokatbyra AB
1

Deal Values

buy # Total
< $100M 1 $94M
TOTAL $94M
Largest Zeco Aircon Ltd.
$94M (2023-09-04)
sell # Total
$100M to $1B 1 $110M
TOTAL $110M
Largest Munters - FoodTech Equipment Operations
$110M (2025-02-09)

M&A Connections

Deals
Divested to
Strategic(s)
100%
1 (100%)

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