Munters Acquires Des Champs Technologies, Experts in Indoor Air Quality and Energy Recovery
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SAN ANTONIO, April 4: Munters has concluded an agreement to purchase U.S.-based Des Champs Technologies. The company holds a technology-leading position in energy-efficient air treatment solutions, complementing Munters' Commercial Dehumidification product range. Des Champs employs approximately 200 people, and the projected 2007 revenue is US$ 38 Million.
Located in Buena Vista, Virginia, USA, Des Champs manufactures custom make up air conditioning equipment for commercial buildings. Des Champs' expertise is in commercial and industrial heat exchangers, dehumidification and indirect evaporative cooling.
With this acquisition, Munters dramatically strengthens its position as a leading supplier of energy-efficient climate control solutions for commercial buildings. "Des Champs provides an exceptional fit with our Commercial Dehumidification Division," says Mike McDonald, President of Munters Dehumidification Division. "This expansion aligns with our strategy as an innovation leader in energy-efficient indoor air quality solutions for our customers. It enhances our expertise in energy recovery and indirect evaporative cooling, where Des Champs holds a technology-leading position. Our broad product range of unique energy-efficient cooling and dehumidification products allows us to provide energy reducing solutions to our customers in all climates," Mike concludes.
Des Champs Technologies offers a full range of world-class technologies for energy-efficient packaged systems, offering optimal, often unique solutions to meet customers' needs.
The combined business will accelerate growth through synergies in product integration, technology and distribution. In addition, cost reductions in purchasing, manufacturing and administration are anticipated. Des Champs' present management team will remain.
Munters acquired 100% of the shares in Entrodyne Corporation, the holding company of Des Champs Technologies for approximately US$ 37 million in cash. The impact on Munters' consolidated earnings per share is anticipated to be positive in 2007.
Munters is the world leader in humidity control with services and products for water and fire damage restoration, dehumidification, humidification and air cooling. Customers are served in a wide range of segments, the most important being insurance-, utilities-, food-, pharma- and electronics- industries. Manufacturing and sales are carried out via the Group's own companies in 30 countries. The Group has around 3,600 employees and net sales of SEK 5,712 million. Munters is listed on OMX Nordic Exchange. For more information see http://www.munters.com/
Source: Munters
CONTACT: Jacque McIlrath Munters, +1-210-651-5018, jmcilrath@munters.com
Web site: http://www.munters.com/
http://www.deschamps.com/
