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History timeline of Munters

Munters is the original innovator of climate control. Founded by ingenious inventor and entrepreneur Carl Munters in 1955.

It was in 1955 that the famous Swedish inventor and entrepreneur
Carl Munters (1897-1989) founded the company together with Marcus Wallenberg and two other people.

His first idea was to develop an air conditioning system based on evaporative cooling and dehumidification. The key components of the system were the desiccant wheel and the evaporative pads. 

During his lifetime, Carl applied for nearly 1,000 patents,
mostly within the areas of dehumidification and evaporative cooling. Today, his legacy of innovation and engineering lives on within
the company and guides our daily work.

Highlights from our history

The 1920s

In 1922 Carl Munters and Baltzar von Platen invent the first cooling device
with no moving parts, with the rights to the invention going to Electrolux.
Electrolux used its global marketing organization for vacuum cleaners to sell refrigerators.

The 1940s

In 1947, the laboratory in Stocksund, where Carl Munters lived, goes into service and a small team of employees, led by Carl, begins working on development and inventions related to Munters' operations.

The 1950s

Refrigeration using heat resulted in the DesiCoolTM project: rotors for dehumidification and heat exchangers and structures for humidification/cooling. The first large-scale dehumidifier took a huge leap from the previous size. 

1955 – Carl Munters & Co is formed. The company was founded together with three other investors.

The investors were:

  • Carl Munters (invested 1,254,000 SEK)
  • Marcus Wallenberg (invested personally 1,254,000 SEK)
  • Carl Gustaf Wicander, owner of the Wicander cork factory (invested 396,000 SEK)
  • Erling Berner, engineer and owner of Christian Berner AB in Gothenburg, manufacturer of insulation (invested 396,000 SEK)

At meetings, Munters and Wallenberg had two votes each, and Wicander and Berner had one vote each.

Carl Munters had, in his previous projects with the manufacturer of insulating materials such as cardboard and plastic foam, a partnership relationship with Wicander and Berner within WMB Insulation Company.
Carl Munters' initial idea was to develop an air-conditioning system based on the use of evaporative cooling and dehumidification. The development of key components of the system were the desiccant wheel and the evaporative pads. 

1958 – Breakthrough for dehumidifiers.

The Swedish Armed forces wanted to decentralize their mobilization warehouses and ordered 200 dehumidifiers. Warehouse construction continues through the years and defense organizations worldwide begin using dehumidifiers on a large scale.

The 1960s

Munters starts doing business in Fort Myers in the USA with products for evaporative cooling and closes license agreements for the production of dehumidifiers in Amesbury, USA.

1964 – The M100 is launched - the best-selling dehumidifier of all time.

1968 – MCS is developed into a separate business.

Munters' logotype is created.

The 1970s

Munters continued expanding into new markets through subsidiaries and licensees. The company changed its strategy at the end of the 1970s as some of the patents began to expire. The range of products and applications was gradually extended and the distribution was expanded to most parts of Europe, North America, and Japan, largely through licensing arrangements with third parties.

The international agent network is established. The focus is on energy-saving applications.

1973 – The oil crisis brings sudden and severe demands for energy savings. The company is facing a completely new market potential.

1974 – Incentive AB takes over Munters. This happens shortly after Carl Munters retired from active management.

1976 – A breakthrough order is shipped to Agfa for dehumidifiers for film production. The technology becomes critical to the manufacturing of photographic film.

The 1980s

Broad international expansion. The modern Munters takes shape through the acquisition of agents. Most of the licenses were acquired. The MCS business is expanded in several of the countries where Munters operates.

1987 – Munters begins doing business in Japan.

1988 – Munters acquires a unique Swedish air purification technology. The ZEOL products are further developed with Munters' rotor technology and help to improve the environment by reducing emissions of solvents from industrial processes.

1989 – A new plant opens in Tobo, Sweden, which enables the cost-effective production of new rotors with unique characteristics for various applications.

At the age of 86 years, Carl Munters dies. 

The 1990s

In the 1990s, Munters expanded and became an international Group with its organization in over 25 countries and manufacturing in over 14 countries. The business was centered around The Humidity Expert theme. Focus on profitable growth. Environmental issues become more important, laying the foundation for HumiCool products. Munters focuses on products rather than core components.

1992 – A new plant is built in San Antonio to concentrate on dehumidification applications, e.g., for supermarkets and ice rinks.

1997 – Munters is listed on the Stockholm Stock Exchange.

1999 – Munters finalizes its largest acquisition ever of the Italian company Euroemme.
Munters begins offering complete cooling systems for the rapidly expanding poultry industry.

The 2000s

Up until 2005, Munters was organized into three regions – Americas, Europe, and Asia.
Those regions were in turn divided into three product areas.

The Group was divided into three global product divisions – Dehumidification, MCS, and HumiCool. That change was successful and resulted in higher gross margins and enabled a more coordinated sales process to be achieved, aimed at international customers. In addition, the new organizational structure contributed to a more concentrated product portfolio and stronger service offerings.

2000 – Munters establishes sales operations in Thailand and Korea and opens a CELdek® plant in Thailand.

2001 – Munters acquires Aerotech, a leading US supplier for the Aghort industry.

2005 – Formation of global divisions in a new organizational structure.

2006 – Acquisition of spot heater manufacturer SIAL broadens the offering to the HVAC and AgHort customer segments within the HumiCool division. It follows the strategy of becoming a full climate system provider to agri­cultural customers.

2007 – Munters is more and more becoming an expert in indoor air treatment, rather than just the humidity expert. The acquisition of US-based Des Champs Technologies complements the dehumidification product range and strengthens Munters' position as a leading supplier of energy-efficient climate control solutions for commercial buildings.
Munters acquires Danish Turbovent Agro A/S and Turbovent Environment A/S. Ventilation companies within the agriculture business.

2008 – Munters acquires a Turkish agriculture business distributor, Form, now called Munters-Form.

Munters also acquires Toussaint Nyssenne to accelerate growth in energy-efficient air treatment.

The 2010s

2010 – Munters focuses on the core business and decides to divest the MCS division. Triton, a leading private equity firm, bought the division. The transaction was completed on October 1, 2010.

Nordic Capital Fund VII purchased Munters at the end of the year. On December 23, 2010, Munters was de-listed from the Stock Exchange.  

2011 – Munters acquires the majority share in the Israeli company Rotem, specialized in control and management systems for agricultural and horticultural applications.
Munters and the Chinese company Keruilai sign an agreement on a joint venture.

2013 – Munters completed the purchase of ProFlute AB, along with its subsidiary SAT, which operates in the Chinese domestic market. ProFlute is well established as a leading supplier of desiccant rotors to the global OEM market, with good quality products and a respected brand name.

2015 – Munters celebrates 60 years of innovations. In July, of that same year, it acquired HB Group and combined expertise and products to provide high-quality air treatment solutions to customers.

In November 2015, Munters also acquired Reventa, a company specializing in climate control systems for livestock buildings.

2016 – Munters completes its acquisition of Rotem and now owns 100% of the shares. Rotem specializes in computerized control and management systems for agricultural applications and is based in Tel Aviv, Israel. Munters receives its biggest order in history, more than three times the size of its previous largest order. For the first phase, Munters provided 220 x Oasis 200 indirect evaporative cooling modules, along with a package of weather protection canopies, commissioning, and service to a data center customer.

Munters Oasis DCiE Data Center Cooler was awarded "Advanced Energy-conservation Product 2016” with its innovativeness and energy-saving performance by China Electronic Energy-saving Technology Association (CEESTA).

2017 – Carl Munters named ASHRAE Pioneer of Industry. Carl Munters was honored in November 2016 by ASHRAE for making milestone contributions to the growth of air conditioning, heating, refrigeration, and ventilation. Individuals like Carl Munters who are inducted into the Pioneers of the Industry classification have shown evidence of distinction, either technically or academically.

2018 – Several new products were launched with a focus on optimizing the climate while reducing energy consumption, such as DryCool® Focus and SonarEcho.

Board member Johan Ek is appointed interim President and CEO.

2019 –To capture Munters' full potential a three-phase plan on stability, profitability, and growth is launched in February 2019.

Klas Forsström enters the position as President and CEO on August 12. Klas has 20 years of experience holding different senior management positions within Sandvik, including President of Sandvik Machining Solutions, President of Sandvik Hard Materials, and Sandvik Coromant.

The 2020s

2020 – Launch of an updated strategy with Group-wide priorities in the areas of Customers, Markets, Innovation, Excellence in Everything We Do, and People.

2022 – To meet the growth in the lithium battery market, Munters opens a new production facility in Hodonin in the Czech Republic. 

Munters aquires EDPAC, an Ireland-based manufacturer of data center cooling equipment and air handling systems.

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