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)

Further reading

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