Munters signs an agreement to acquire ZECO and strengthens its market position in India
Munters has signed an agreement to acquire ZECO, an Indian manufacturer of air treatment solutions. ZECO will provide Munters with a strong platform to expand its dehumidification offering in the Indian market.Munters Group (MTRS), a global leader in energy-efficient air treatment and climate control solutions, has signed an agreement to acquire ZECO, an Indian manufacturer of air treatment solutions for an estimated enterprise value of MSEK 790.
The Indian market for dehumidification solutions is characterized by attractive market fundamentals with solid growth in Munters prioritized