Add-on Acquisition • Manufacturing

Munters Acquires Kevin Enterprises Pvt.

On April 3, 2017, Munters acquired manufacturer Kevin Enterprises Pvt.

Acquisition Context
  • This is Munters’ 3rd transaction in the Manufacturing sector.
  • This is Munters’ 1st transaction in India.

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M&A Deal Summary

Date April 3, 2017
Target Kevin Enterprises Pvt.
Sector Manufacturing
Buyer(s) Munters
Deal Type Add-on Acquisition

Target Company

Kevin Enterprises Pvt.

Mumbai, India
Kevin Enterprises Pvt. Ltd. is a designer, manufacturer, supplier & installation of mass transfer and separation equipment. Kevin offers broad range of products for mass transfer and separation for Process segment customers in the Oil Refining, Petrochemical, Chemical and Fertilizer industries. Kevin Enterprises Pvt. Ltd. was founded in 1972 and is based in Mumbai, India.
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Buyer Overview 1

Buyer

Munters

Kista, Sweden

Category Company
Founded 1955
Sector Manufacturing
Employees5,083
Revenue 15.5B SEK (2024)
DESCRIPTION

Munters is a company providing energy-efficient air-treatment and climate-control solutions for industries including data centers, food, agriculture, and manufacturing. Munters was founded in 1955 and is headquartered in Kista, Sweden.


Deal Context for Buyer #
Overall 5 of 8
Sector: Manufacturing 3 of 4
Type: Add-on Acquisition 5 of 8
Country: India 1 of 2
Year: 2017 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-14 MTech-Systems USA

Atlant, Georgia, United States

MTech-Systems USA LLC is a company specialized in software systems for poultry and swine production. MTech's applications can be found running swine and poultry businesses on six continents in over twenty countries, equipping the customers with the power to utilize comprehensive data in a proactive approach. Through the software each segment of production is analyzed to maximize profitability. MTech has set the industry standard in enterprise data solutions for all aspects of the live operations cycle.

Buy -
FOLLOWING 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 -