Munters divests the Water business
Munters has agreed to divest the Water business to the German industrial group, GEA Group AG.
Munters and GEA have agreed that GEA will take over all of Munters assets and activities in the Water business. The Water business, which is part of Munters HumiCool Division, produces and sells products for waste and potable water treatment and for cooling towers. The business had sales of 63 SEK million in 2005. “It is a logical step for Munters since the Water business has limited synergies with our core business. Munters had a similar business in the USA, which was divested in 1995. This structural change enables us to focus on our selected target areas”, says Hannu Saastamoinen, President, Division HumiCool. The agreement is dated 31 January 2006 and will be subject to approval by the antitrust authorities. The new structure will slightly improve Munters earnings. The one-time effects of the transaction will be slightly positive. The operations in Germany and in the UK will continue in the existing premises. For further information, please contact: CEO Lennart Evrell tel: +46 8 626 63 03 mobile: +46 70 588 15 15 CFO Jonas Samuelson tel: +46 8 626 63 06 mobile: +46 70 626 63 79 VP Corp. Communications Sören Sjöström tel: +46 8 626 63 08 mobile: +46 70 600 22 44