Munters acquires majority share in Automated Environments
Munters business area FoodTech expands its digital solutions by signing an agreement to acquire the majority share in Automated Environments (AEI) - a US-based company specializing in automated control systems for the layer industry.
The acquisition is part of the FoodTech strategy to serve food producers with an extensive portfolio of digital solutions. AEI’s technology is engineered for commercial laying hen operations. Its intelligent controllers and software monitors for example, the environment in the barn and manages feed and water distribution, which improves both animal welfare and reduces egg production costs.
“The acquisition is in line with our strategic priority to accelerate our digital journey by further strengthening our position within existing segments. We now add a control system designed to improve efficiency, animal welfare and sustainability in the layer industry,” says Pia Brantgärde Linder, Group Vice President and President business area FoodTech at Munters.
“AEI has an extensive knowledge of digital solutions. With its portfolio of IoT, sensors and controllers, we are set for growth across key markets in the layer industry in North America,” says Wouter Claassens, Vice President at FoodTech in the Americas.
Based in Renville, Minnesota, AEI has been a pioneer in poultry control technologies since the mid-80s. It develops, installs, and maintains computerized farm control systems specializing in the layer industry. The company has 13 employees and reported net sales of about MSEK 102 (MUSD 9.8) for the fiscal year 2023. AEI has demonstrated good growth in recent years.
With this acquisition, Munters will have an 80% share in AEI.The acquisition was finalized in July 2024 and will be fully financed through existing credit facilities.
For more information:
Investors and analysts
Line Dovärn, Director Investor Relations
E-mail: line.dovarn@munters.com, Phone: +46 (0)73 048 84 44
Media
Eva Carlsson, Director External Communications
E-mail: eva.carlsson@munters.com, Phone: +46 (0)70 88 33 500
About Munters Group
Munters is a global leader in energy-efficient air treatment and climate solutions. Using innovative technologies, Munters creates the perfect climate for customers in a wide range of industries. Munters has been defining the future of air treatment since 1955. Today, around 5,000 employees carry out manufacturing and sales in more than 30 countries. Munters Group AB reported annual net sales of more than SEK 14 billion in 2023 and is listed on Nasdaq Stockholm. For more information, please visit www.munters.com.
