SWEDEN: Munters, the Swedish air treatment and weather answers organization, has acquired Irish facts centre cooling products and air handling techniques manufacturer Edpac for €29m.
The acquisition is reported to be aspect of Munters intention to develop its knowledge centre business and strengthens its existence in Europe. It is presently a main participant in the electricity productive data centre cooling solutions market place in North The us.
Formed in 1968, Edpac has two factories in Co Cork and its headquarters in Carrigaline. It has about 150 full time workers. Profits in the yr ending April 2021 have been €17m.
Edpac has a solid buyer base with revenue largely in Europe with further gross sales in the Middle East, South The us and Asia.
“The European information centre industry is a prioritised phase for Munters and the acquisition is a important phase in our development strategy,” said Munters president and CEO Klas Forsström. “Our competences and ordeals from the North American sector will give Edpac with chances for even more worthwhile growth. We foresee synergies by increasing our information centre offering to Europe and by coordinating know-how progress and creating unified procedures.”
Edpac manufactures precision cooling machines and numerous air dealing with units and is also a production associate for Munters Oasis methods. Sales of Munters goods signifies about 7% of Edpac’s complete revenues.