About Munters
Munters is a company based in Beverly (United States) founded in 1955 was acquired by Nordic Capital in November 2010.. The company has 5,410 employees as of December 31, 2024. Munters has completed 12 acquisitions, including Airprotech, BTN and EDPAC. Munters offers products and services including Dehumidification Systems and Cooling Solutions. Munters operates in a competitive market with competitors including Enersense, South Pole, Catagen, Camfil and CECO, among others.
- Headquarter Beverly, United States
- Employees 5410 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Munters Group Ab
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Annual Revenue
$1.4 B (USD)10.93as on Dec 31, 2024
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Net Profit
$88.21 M (USD)24.11as on Dec 31, 2024
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EBITDA
$244.79 M (USD)23.4as on Dec 31, 2024
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Latest Funding Round
$177.81 M (USD), Post-IPO
Nov 01, 2019
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Investors
European Union
& 1 more
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Employee Count
5410
as on Dec 31, 2024
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Investments & Acquisitions
Airprotech
& 11 more
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Acquired by
Nordic Capital
(Nov 05, 2010)
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IPO & Listings of Munters
Munters is a publicly listed company on the OMXSTO with ticker symbol MTRS in Sweden, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Munters
Munters offers a comprehensive portfolio of products and services, including Dehumidification Systems and Cooling Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Equipment for moisture control in industrial environments
Systems for energy-efficient air and liquid cooling
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Software Development Team
53 people
Sales and Marketing
36 people
Leadership Team
30 people
Finance and Accounting
14 people
Operations Team
7 people
Human Resources and Administration
7 people
Product Management Team
6 people
Project Team
4 people
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Funding Insights of Munters
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $177.8M
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First Round
First Round
(01 Jan 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Post-IPO - Munters | Valuation |
investors |
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| Jan, 2017 | Amount | Grant - Munters | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Munters
Munters has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union and Nordic Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Munters
Munters has strategically engaged in corporate development activities, having acquired 12 companies. Notable acquisitions include Airprotech, BTN and EDPAC. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of cloud-based automation and technology solutions for the agro-industrial sector
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2004 | ||||
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Humidifier sales, installation, service, and maintenance are provided.
|
1999 | ||||
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Provider of rotary heat and mass transfer products
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Munters
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Munters Comparisons
Competitors of Munters
Munters operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Enersense, South Pole, Catagen, Camfil and CECO, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Lifecycle services are provided for energy, industrial, and telecom infrastructure.
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| domain | founded_year | HQ Location |
Carbon offset solutions are provided globally by South Pole.
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| domain | founded_year | HQ Location |
Air management services are provided for industrial and environmental needs.
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| domain | founded_year | HQ Location |
Camfil is recognized as a global leader in air filtration solutions.
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| domain | founded_year | HQ Location |
Provider solutions that protect people, the environment, and industrial equipment
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Munters
Frequently Asked Questions about Munters
When was Munters founded?
Munters was founded in 1955 and raised its 1st funding round 62 years after it was founded.
Where is Munters located?
Munters is headquartered in Beverly, United States. It is registered at Beverly, Massachusetts, United States.
Who is the current CEO of Munters?
Klas Forsstrom is the current CEO of Munters.
How many employees does Munters have?
As of Dec 31, 2024, the latest employee count at Munters is 5,410.
What is the annual revenue of Munters?
Annual revenue of Munters is $1.4B as on Dec 31, 2024.
What does Munters do?
Munters was founded in 1955 and is headquartered in Beverly, United States. Climate control systems for dehumidification, cooling, and air quality are designed and manufactured by the company for sectors such as data centers, food and agriculture, and pharmaceuticals. Related services are offered, with emphasis placed on energy efficiency and sustainability. Software for optimizing climate control in food production is also provided.
Who are the top competitors of Munters?
Munters's top competitors include Enersense, South Pole and CECO.
What products or services does Munters offer?
Munters offers Dehumidification Systems and Cooling Solutions.
Is Munters publicly traded?
Yes, Munters is publicly traded on OMXSTO under the ticker symbol MTRS.
How many acquisitions has Munters made?
Munters has made 12 acquisitions, including Airprotech, BTN, and EDPAC.
Who are Munters's investors?
Munters has 2 investors. Key investors include European Union, and Nordic Capital.
What is Munters's ticker symbol?
The ticker symbol of Munters is MTRS on OMXSTO.
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