The FoodTech Equipment offering will be sold for MEUR 97.5 on a cash and debt free basis.
Munters strategy is to achieve increased long-term value creation with focus on selected segments in each business area.
The sale of the equipment business is an important step towards our goal of enhancing our focus on FoodTech digital solutions.
There are five production facilities in Italy, Germany, China and US and one assembly hub in South Africa.
The production and sales of the CELdek product line in Americas will not be included in the sale and will be integrated into the AirTech business area.
The FoodTech Equipment offering will be carved out and reported as discontinued operations in the first quarter of 2025.
Aip is a US based private equity firm that invests in industrial business serving domestic and global markets.
Line Dovrn is the Head of Investor Relations.
The Vice President External Relations and Internal Communication is Daniel Frykholm.
The EU Market Abuse Regulation requires Munters Group to make public this information.
Munters creates the perfect climate for customers in a wide range of industries.
Grain and Protein Technologies designs, manufactures and markets grain and seed storage equipment as well as feeding, ventilation and control systems for worldwide poultry, swine and egg production.
American Industrial Partners is an industrials investor with $16 billion in assets under management.
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The Munters Group is based in Sweden.
Order intake decreased by 22% with strong growth in FoodTech offset by a negative organic development in AirTech.
Munters has signed an agreement to acquire an Italian manufacturer of air- and water-cooled chillers.
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Source prnewswire