Mergers and Acquisitions
Strategic acquisitions are a core pillar of Munters long-term growth strategy. By acquiring technology-leading, market-expanding companies, Munters broadens its offering, accelerates digitalization and reinforces its position in high-growth segments such as data center cooling and digital food technology.
Four strategic focus areas for acquisitions
Core business / consolidation: Larger acquisitions to increase market presence and/or broaden the product offering.
Technology / digital: Companies with technology that strengthens the core offering and accelerates digitalization.
Service / “string of pearls”: Local companies that enhance market presence in priority geographies.
New growth areas: Investments in emerging segments and adjacent technologies.
Delivery on M&A agenda to fuel growth 2023-2025
FoodTech
- InoBram, Brazil (full acquisition)
- Mtech Systems, USA (full acquisition)
AirTech
- Airprotech, Italy (acqusition)
- Capsol, Norway (minority investment)
DCT
- Geoclima, Italy (acqusition)
- Zutacore, Israel (minority investment)
FoodTech
- Hotraco, Netherlands (acqusition)
- AEI, US (majority investment)
- Agriwebb, Australia (minority investment)
AirTech
- Tobo Component, Sweden (acquisition)
- ZECO, India (acquisition)
- SIFT, France (acquisition)
FoodTech
- InoBram, Brazil (majority investment)