M&A Deal Summary

Munters Acquires Zeco

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

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

M&A Deal Summary

Date 2023-09-04
Target Zeco
Sector Manufacturing
Buyer(s) Munters
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

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 STATS #
Overall 7 of 8
Sector: Manufacturing M&A 4 of 4
Type: Add-on Acquisition M&A Deals 7 of 8
Country: India M&A 2 of 2
Year: 2023 M&A 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 -