We are pleased to announce that Munters has completed its acquisition of Rotem.
As a result, Rotem will be known as "Rotem, a Munters company". In the near future, the new logo will be part of the company branding.
Munters and Rotem are delighted to announce that Munters has acquired the additional shares in Rotem, increasing the ownership to 100 %.The cooperation between the two companies has been very close since 2011, when a Joint Venture was established. The completion of the transfer of ownership is a natural progression of how Rotem control products are now an integrated part of the offering from Munters.
Rotem specializes in computerized control and management systems for agricultural applications. Rotem will continue to manage its sales, development and production processes from Israel. The integration will mean that these processes will be closer integrated with the global processes in Munters. This will lead to efficiency gains and an even more attractive offering to all our customers in the agricultural market.
The knowledge and capabilities in Rotem are also of great value in the market drive for Internet of Things. The software and hardware development skills are very important in this rapidly developing market.
There will be many years of productive and rewarding collaboration in the new structure.