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Munters acquires Des Champs |
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Friday, 27 April 2007 |
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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.
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.
According to Munters,
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. |