NOVEMBER 24, 2015
Munters AB today announced it has signed a definitive agreement to acquire 100 % of the shares in Reventa (www.reventa.de (http://www.reventa.de)) a company specialized in climate control systems for livestock buildings. Reventa is headquartered in Horstmar, Germany, where also Sales, R&D and Manufacturing are located.
Munters is a global leader and premium partner in energy efficient air treatment solutions. Using innovative technologies, the group's expert engineers create the perfect climate for customers in a wide range of industries. Within the Agricultural business area the focus is to control the climate for animals and plants. Munters is heavily involved in ensuring that people get food on the table, by controlling the climate in installations all around the world.
The agreement combines the strength of Munters and Reventa by reinforcing Munters' position within the swine segment and the markets in Northern and Eastern Europe. The acquisition will enhance Munters' ability to be a valued partner to its customers. By offering a broader range of products and services, Munters will be better positioned to meet all the needs of its customers.
One example of this is the wall air inlet, Polar, especially developed for cold climates. It defies even the hardest Siberian winter. This air inlet is also a demonstration of a strong innovation culture which forms the basis for new and further development of the product range.
"Reventa's management team has done a great job of building a solid and successful operation that provides quality products for the poultry and pig market" said Peter Gisel-Ekdahl, President Munters Business Area AgHort. "Munters will be able to expand its successful product portfolio to include Reventa's products and solution, while Reventa's customers will benefit from Munters' global offering," Gisel-Ekdahl added.
"We are very happy to join Munters. This will create growth for my customers as well as for my team" commented Thomas Pollmeier, CEO and previous owner of Reventa. "Munters gives us access to new markets, worldwide".
About Reventa
The company was founded 1982 and the name Reventa stands for regenerative ventilation technology. The product range includes a complete system set for the perfect stable climate; filters, distribution, heating/cooling, draining and air cleaning. Reventa serves customers both in Germany and internationally.
About Munters
Munters is a global leader and premium partner in energy efficient air treatment solutions. Using innovative technologies, our expert engineers create the perfect climate for customers in a wide range of industries, the largest being the food, pharmaceutical and data center sectors. Munters has been defining the future of air treatment since 1955. Today, manufacturing and sales are carried out in more than 30 countries by around 3,000 employees. Munters reports annual net sales in the region of SEK 5 billion and is owned by Nordic Capital Fund VII. For more information, please visit www.munters.com (http://www.munters.com/).
Contact
Anna Beausang, Director Corporate Communications
Telefon: +46 70 6986360
E-post: anna.beausang@munters.se (mailto:anna.beausang@munters.se)
Kista, November 24, 2015
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Munters AB via Globenewswire
