Munters Group is a world chief in energy-efficient air remedy and local weather management options. The acquisition of Geoclima is a key a part of Munters technique to increase into new markets and broaden the product portfolio.
“We’re delighted to welcome Geoclima to the Munters household. This strategic acquisition permits us to speed up our improvement of power environment friendly knowledge middle cooling options and strengthens our international providing,” says Klas Forsström, President and CEO of Munters.
Via the proposed acquisition Munters positive aspects entry to chiller know-how, which performs a vital position within the knowledge middle cooling market as we speak.
“The addition of Geoclima’s know-how and expertise to DCT is really thrilling. Geoclima has a really comparable DNA to Munters in that it focuses on extra energy-efficient options and has the competence to tailor options to the shopper’s wants. Via this acquisition, our vary of complete options for our prospects turns into extra full,” says Stefan Aspman, President of DCT and Group Vice President, Munters Group.
Geoclima’s internet gross sales for FY 2023 amounted to roughly MSEK 455 (MEUR 40.1). The privately owned firm was established in 1994, employes 165 individuals and has its headquarters in northeastern Italy. Geoclima has gross sales places of work in Italy, Spain, Nice Britain, Australia and US in addition to manufacturing websites in Italy and Thailand. Geoclima was based by Paolo Ferraris who has operated the corporate as CEO for 30 years, he’ll stay as Managing Director for at the very least the following yr to make sure a profitable transition.
Closing of the acquisition will happen after a restructuring of the authorized entities of the Geoclima group is accomplished and is topic to customary closing situations relevant in Italy. The proposed acquisition might be absolutely financed by means of present credit score amenities and is anticipated to be accomplished within the second half of 2024.
