Munters acquires Västgöta Torkteknik AB Munters acquires Västgöta Torkteknik AB and further strengthens its position as leading service provider within water damage restoration in Sweden. Information on the transaction is not considered price sensitive. Västgöta Torkteknik is in the moisture and water damage business, with a net sales of about SEK 4 million 2007. The company was established 14 years ago and has four employees. They are based in Skövde, Sweden, and they cover the whole Skaraborg County. “The acquisition strengthens our position as a nationwide company in our core business moisture and water damage restoration”, says Lars Kåredal, Managing Director of Munters Torkteknik AB. “Munters has a strong market position and a reconized expertise in this sector which guarantees a successful future together”, says Tomas Fors, Managing Director of Västgöta Torkteknik AB. All employees will transfer to Munters, and the business will continue under the name Munters Torkteknik AB. The acquisition is estimated to have no or marginal impact on Munters result. Kista, July 9 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 54 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
Munters acquires Västgöta Torkteknik AB
| Source: Munters AB