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Munters has entered into an agreement to acquire Turbovent; one of Northern Europe’s leading agricultural ventilation system providers

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Munters has entered into an agreement to acquire Danish Turbovent Agro A/S and Turbovent Environment A/S. The company holds a leading position in Northern Europe for ventilation and air cleaning solutions for farming, complementing Munters AgHort product range.

Located in Aars, Denmark, Turbovent primarily manufactures ventilation equipment for poultry, swine and dairy farms in Scandinavia, Germany and Eastern Europe. Turbovent is also in the forefront of air cleaning and odor removal solutions for the agricultural industry. The company employs approximately 45 people, and has trailing 12 month revenue of DKK 69 Million. With this acquisition, Munters strengthens its position as one of the leading suppliers of climate control solutions for the Agricultural and Horticultural industries.
"Turbovent provides a nice fit with our AgHort Business Area," says Per Segerström, President, HumiCool Division. "This expansion aligns with our strategy as a leader in energy-efficient climate control solutions for our agricultural and horticultural customers. The acquisition broadens our product range and geographical coverage as well as provides equipment suited for northern climates, significantly increasing our sales potential." Per concludes.
In addition to its strong position in ventilation systems, Turbovent has developed a product range, which is targeted at reducing odor, ammonia and dust emissions from farming.

Munters has entered into an agreement to acquire 100% of the shares in Turbovent Agro A/S and Turbovent Environment A/S for DKK 65.5 million in cash. The impact on Munters’ consolidated earnings per share is anticipated to be positive in 2007.

The completion of the acquisition which is expected to take place in July 2007, is inter alia conditioned on the approval by the German competition authority.

For further information, please see www.turbovent.dk

Sollentuna 28 June 2007

Lars Engström
Chief Executive Officer

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