Munters acquires Turkish distributor

Munters acquires Turkish distributor 

Munters has entered into an agreement to acquire 80% of the Turkish company
Munters-Form Endüstri Sistemleri Sanayi ve Ticaret A.Ş. Turkey. Munters-Form 
has nine employees and the annual turnover of the company is around 3 million
Euro. The acquisition has a marginal effect on Munters earning per share in
2008. 


Munters-Form is mainly active in the field of dehumidification, ventilation
products for the agricultural area and pre-cooling for gas turbines. The company
is a part of the Form Group owned by the Korun family who will maintain a 20%
interest in the company. Form Group has been the distributor of Munters
Dehumidification and HumiCool products on the Turkish market and some
neighboring countries for 22 years. 

“Turkey has a strategic position in a region that is very important for Munters'
short and long term growth potential. Form Group, and the Korun family, have
been long term partners with Munters. As we execute our growth strategy in
Turkey and the region as a whole, it's natural that we do this together with
them”, says Lars Engström, CEO, Munters. 

“The market for Munters products is rapidly expanding. With Munters as the main
owner of Munters-Form the company will have the required strength to meet
expected market demands and harvest on the growth opportunities both in Turkey
and the rest of the region,” says Tunc Korun, General Manager of Munters-Form.

Tunc Korun will remain as General Manager for Munters-Form. 

Kista, April 2, 2008

For further information, please contact:
Lars Engström, CEO Tel: +46 8 626 63 03 Mob: +46 70 228 85 19
Jonas Samuelson, CFO Tel: +46 8 626 63 06 Mob: +46 70 626 63 79
Andreas Olofsson, VP Corp. Communication Tel: +46 8 626 63 08 Mob: +46 703 518
400


Munters is a global leader in energy efficient air treatment solutions and
restoration services based on expertise in humidity and climate control
technologies. Customers are served in a wide range of segments, the most
important being insurance-, utilities-, food-, pharma- and electronics-
industries. Manufacturing and sales are carried out via the Group's own
companies in more than 30 countries. The Group has close to 4,300 employees and
net sales of about SEK 6.3 billion. The Munters share is listed on OMX Nordic
Exchange Stockholm, Mid Cap. For more information see www.munters.communters.com