Munters Group AB signs agreement to acquire Geoclima and expand data center cooling solutions
Acquiring Company
Munters Group AB
Acquired Company
Geoclima
Stockholm
GoriziaManufacturingEnergyManufacturingDescription
Munters Group AB has signed an agreement to acquire Geoclima, an Italian manufacturer of air- and water-cooled chillers. This strategic acquisition will enhance Munters' ability to offer full solutions to the total data center cooling market and accelerate the development of energy-efficient data center cooling solutions. The transaction is expected to be completed in the second half of 2024 and will be fully financed through existing credit facilities.
Quick answer
Munters Group AB is acquiring Geoclima, announced July 17, 2024. Munters Group AB is based in Stockholm, Stockholm County, Sweden.
- How much did Munters Group AB pay for Geoclima?
- The deal value was not disclosed.
- What does Munters Group AB do?
- Munters is a global leader in energy-efficient air treatment and climate solutions.
- Where are Munters Group AB and Geoclima based?
- Munters Group AB is based in Stockholm, Stockholm County, Sweden. Geoclima is based in Gorizia, Friuli-Venezia Giulia, Italy.
- Who are the decision-makers at Munters Group AB?
- Fundz holds 1 contact at Munters Group AB. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Geoclima?
Geoclima was acquired by Munters Group AB, based in Stockholm. The deal was reported on July 17, 2024. Munters is a global leader in energy-efficient air treatment and climate solutions. Using innovative technologies, we create the perfect climate for customers in a wide range of industries. Munters Group AB is privately held and operates in Manufacturing.
When did Munters Group AB acquire Geoclima?
Munters Group AB's acquisition of Geoclima was reported on July 17, 2024. Munters Group AB has signed an agreement to acquire Geoclima, an Italian manufacturer of air- and water-cooled chillers. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Geoclima do?
Geoclima is an Italian manufacturer of air- and water-cooled chillers, with net sales amounting to approximately MSEK 455 (MEUR 40.1) in FY 2023. The company was founded in 1994 and has 165 employees. It is privately held, operating in Manufacturing, and is based in Gorizia.
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