MUNTERS RECEIVES ORDER FOR SYCOOL SPLIT SYSTEMS - LARGEST ORDER EVER

Munters has received an order, with a value of approximately MUSD 176 (approximately BSEK 1.8), from a leading Data Center colocation operator in the US. The order includes Munters SyCool Split systems as well as field service work and will be delivered during 2024.

Munters Group (MTRS), a global leader in energy efficient air treatment and climate control solutions, has received an order from a leading Data Center colocation provider. The total value of the order, including Munters SyCool Split systems as well as field service work, is approximately MUSD 176 (approximately BSEK 1.8). Deliveries are expected to take place over a period of up to 12 months throughout 2024, starting in January 2024.

“For the second time this year we have won our largest order ever in Munters´ history. This clearly validates our strong market position in the US, and we are excited and proud to support our customers with the SyCool Split systems. Our technology represents the next chapter in a long history of innovation at Munters and exceptional solutions for the data center market.” says Klas Forsström President and CEO of Munters.

“We are honored to have received this order that demonstrates the strong long-term partnerships we have with our customers. SyCool provides customers with strategic flexibility in designing their data centers, one of which is compatibility with air cooling as well as liquid cooled designs which is critical as technology and cooling trends are developing at a high pace. The continued market demand is a well-deserved recognition to our outstanding team developing, offering and delivering leading solutions.” says Stefan Aspman, GVP and President Data Center Technologies.

 

Munters SyCool Split is an energy efficient, thermosiphon-based dry cooling solutions for data centers. The solution has been developed to minimize the environmental impact of data centers by providing free cooling without the use of water. It was selected by the customer after an assessment of the various forms of cooling solutions currently available on the market, considering many attributes, including product quality, energy efficiency, zero water consumption, reliability, scalability, ease of maintenance and service support.

As a result of high demand for data center cooling solutions and to secure production capacity Munters has expanded the dedicated production facility in the US for data center solutions. The new facility contributes to Munters’ continuous development of production processes in order to ensure higher degree of standardization, modularization and efficiency and it will be inaugurated in the fall of 2022.

For more information:

Investors and analysts

Ann-Sofi Jönsson, Vice President, Investor Relations and Enterprise Risk Management
E-mail: ann-sofi.jonsson@munters.com
Phone: +46 (0)730 251 005

Media

Susann Johnsson, Vice President, Group Communications and Brand
E-mail: susann.johnsson@munters.com
Phone: +46 (0)70 623 1474

This information is information that Munters Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CET on August 30, 2022.

About Munters Group

Munters is a global leader in energy efficient air treatment and climate solutions. Using innovative technologies, Munters creates the perfect climate for customers in a wide range of industries. Munters has been defining the future of air treatment since 1955. Today, around 3,700 employees carry out manufacturing and sales in more than 30 countries. Munters Group AB reported annual net sales of more than SEK 7 billion in 2021 and is listed on Nasdaq Stockholm. For more information, please visit www.munters.com.