Acquisition of Belgium-based Toussaint Nyssenne
As of today (October 30), Munters owns Toussaint Nyssenne, manufacturer of energy
efficient air-conditioning systems.
The acquisition is strategically important for Munters’ Dehumidification Division and increases its market
position on the European market for customized air-conditioning systems for offices, public buildings and
“The operations will be integrated with the Dehumidification Division’s business and increase market potential
through synergies within production integration, technology, distribution and other areas,” says Lars Engström,
CEO of Munters.
As previously announced Toussaint Nyssenne is based in Dison, Belgium and the purchase amount corresponds
to the company’s assessed enterprise value of SEK 76 M (EUR 7.7 M), according to current exchange rate less
the company’s normalized net debt position during 2008 until the closing date for the purchase. The acquisition
is expected to have marginal impact on Munters’ earnings per share for 2008. Munters is taking over about 120
Kista, October 30, 2008
Lars Engström, Chief Executive Officer