M&A Deal Summary

Munters AB Acquires Zeco

On September 4, 2023, Munters AB acquired manufacturer Zeco for 790M SEK

Acquisition Highlights
  • This is Munters AB’s 4th transaction in the Manufacturing sector.
  • This is Munters AB’s 0th largest (disclosed) transaction.
  • This is Munters AB’s 2nd transaction in India.

M&A Deal Summary
Date 2023-09-04
Target Zeco
Sector Manufacturing
Buyer(s) Munters AB
Deal Type Add-on Acquisition
Deal Value 790M SEK

Target

Zeco

Gurgaon, India
Zeco is a manufacturer of HVAC and air purification solutions to all the corporates and business houses of India. Zeco is based in Gurgaon, India.

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Buyer(S) 1

Buyer

Munters AB

Kista, Sweden
Category Company
Founded 1955
Sector Manufacturing
Employees2,160
Revenue 384M EUR (2013)
DESCRIPTION

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.

DEAL STATS #
Overall 7 of 8
Sector (Manufacturing) 4 of 4
Type (Add-on Acquisition) 7 of 8
Country (India) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-30 Edata Tecnologia

Jaú, Brazil

Edata Tecnologia is a provider of key software for food processing plants, primarily for poultry production. Edata provides software to keep track of production within food processing plants. Edata Tecnologia was founded in 1990 and is based in Jaú, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-17 Geoclima

Ronchi dei Legionari, Italy

Geoclima manufactures air- and water-cooled chillers that offer energy-efficient air treatment and climate control solutions. Geoclima is based in Ronchi dei Legionari, Italy.

Buy -
Mergr

Product

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