About Munters
Munters is a publicly listed company based in Beverly (United States) founded in 1955, and was acquired by Nordic Capital in November 2010. It operates as an industrial climate control solutions, including dehumidification and cooling, are provided. The company has 5,410 employees. Munters has completed 13 acquisitions, including Airprotech, BTN and EDPAC. Its chief executive is Klas Forsstrom. Its website munters.com draws about 98 thousand monthly visits. Its Indian entity Munters India Humidity Control Private Limited reported revenue of ₹142 Cr. Munters offers products and services including Dehumidification Systems and Cooling Solutions. Its focus areas include Energy, Energy Efficiency, HVAC and Diversified. Its competitors include Enersense, South Pole, Catagen, Camfil and CECO and 1 more.
Company details
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.
- Headquarters Beverly, United States
- Employees 5,410
- Stage Public
- SectorsEnergy & Utilities
- Website category Heavy Industry and Engineering · Construction and Maintenance
- Website munters.com/en-us
- Social LinkedIn X Facebook YouTube
- Acquired by Nordic Capital (Nov 2010)
- Legal Name Munters Group Ab
- Annual Revenue₹142 Cr
FY 2023 · -8% YoY
- Net Loss-₹2.53 Cr
FY 2023 · -2% margin
- EBITDA₹2.97 Cr
FY 2023 · 2% margin
- Latest Funding Round$177.81M (USD), Post-IPO
Nov 2019
- InvestorsEuropean Union
& 1 more
- Employee Count5,410
- Investments & AcquisitionsAirprotech
& 12 more
- Acquired byNordic Capital
(Nov 2010)
Associated legal entities of Munters
Munters operates through Munters India Humidity Control Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Munters India Humidity Control Private Limited CIN U93090DL2007PTC160992 | Active | 22 Mar 2007 | New Delhi, Delhi | ₹142 Cr | 185 | 5 | View details |
Products & Services of Munters
Munters offers a comprehensive portfolio of products and services, including Dehumidification Systems and Cooling Solutions.
Equipment for moisture control in industrial environments
Systems for energy-efficient air and liquid cooling
Apps and channels of Munters
its YouTube channel Munters has 6.11K subscribers and 30 videos.
Videos from Munters
The most watched videos on Munters's YouTube channel, Munters (6.11K subscribers). Click a video to play it here.
More on Munters.
Funding Insights of Munters
- Total Rounds 2
- Last Round Post-IPO — $177.81M
- First Round $170,520
(Jan 2017)
- Investors Count 1
All 2 funding rounds of Munters with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2019 | $177.81M | Post-IPO | – | – | – |
| Jan 2017 | $170,520 | Grant | – | – |
2 investors in total: 2 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | nordiccapital.com | - | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium |
Investor details for Munters
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Board of directors of Munters India Humidity Control Private Limited (Munters)
Munters India Humidity Control Private Limited is the primary company behind Munters. The board of Munters India Humidity Control Private Limited currently have 4 directors; the longest-serving is Per Kaspar Henrik Kirchmann, appointed in 2020. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Per Kaspar Henrik Kirchmann DIN 08871578 | Director | 21 Dec 2020 | 5 yrs 9 mo | Munters India Humidity Control Private Limited |
| Sujata Wuthoo DIN 09205552 | Managing Director | 17 Jun 2021 | 5 yrs 3 mo | Munters India Humidity Control Private Limited |
| Nikhil Madhukar Padte DIN 10337769 | Additional Director | 26 Mar 2025 | 1 yr 6 mo | Munters India Humidity Control Private Limited |
| Manish Kumar Gupta DIN 05134102 | Company Secretary | 26 Sep 2025 | 1 yr | Munters India Humidity Control Private Limited |
People of Munters
203 people are tracked at Munters (78 in leadership, 10 in board & advisors, 115 in team); the tracked headcount is 5,410.
| Name | Role | Group |
|---|---|---|
Klas Forsstrom | CEO | Leadership |
Pia Brantgärde Linder | President, FoodTech | Leadership |
Klas Forsström | President & CEO | Leadership |
Srinivasan Vijayaraghavan | Managing Director , Munters - Zeco And Business Head - Humid Control Technologies | Leadership |
Johannes Björner | Director Strategy, Business Development & PMO | Leadership |
Jim Marsh | Director Of Key Accounts | Leadership |
Patrik Zamore | R&d Director Controls And Connectivity | Leadership |
Robert Arnell | R&d Director | Leadership |
Stefan Aspman | Group Vice President, Head of Commercial | Leadership |
Susann Johnsson | Group VP, Communication & Brand | Leadership |
Grete Solvang Stoltz | Group Vice President and President of FoodTech | Leadership |
Ena Ryan | Director Of Sourcing And Commercial Risk EMEA Airtech | Leadership |
David Golliher | Vice President Operations | Leadership |
Rune Korstadhagen | Brand Director | Leadership |
Nicky Yang | Sales Excellence Director APAC | Leadership |
Katharina Fischer | CFO & Group Vice President | Leadership |
Julia Tertel | Director M&a Integration | Leadership |
Li Kevin | Director, SEA Cluster & APAC Marketing At Munters | Leadership |
Wouter Claassens | VP Of Business Development + M&a | Leadership |
Mike Sadosky | Regional Director - North America | Leadership |
183 more people are available in the full profile.
Complete people profiles for Munters
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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.
- IPO date02 Jun 2017
- Listed onNASDAQ OMX: MTRS
- Listed entityMunters Group AB
- Exchange sectorProducer manufacturing
- ISINSE0009806607
- Share price132.30 SEK (+1.42% on the day) · 2026-10-14
- Market capitalisation23,826,177,595.00 SEK
- Price to earnings47.4
- EPS (diluted, trailing year)2.79 SEK
- Dividend yield1.24%
- Volume (last session)26,366
Financials of Munters
Figures of Munters India Humidity Control Private Limited, the primary company behind Munters, for FY 2023. Revenue was ₹142 Cr (-8% year on year). Net loss was -₹2.53 Cr (-2% margin). EBITDA was ₹2.97 Cr (2% margin). Revenue has grown at a compounded annual rate of +12% over three years and +23% over five years.
- ₹142 CrRevenue · FY 2023 · -8% YoY
- -₹2.53 CrNet loss · -2% margin
- ₹2.97 CrEBITDA · 2% margin
- ₹130 CrPaid-up capital
- 185Employees (provident fund records)
- +12%Revenue CAGR, 3 years
- +23%Revenue CAGR, 5 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 14.71B SEK | 550.0M SEK | 2.36B SEK |
| 2024 | 13.59B SEK | 907.0M SEK | 2.52B SEK |
| 2023 | 13.93B SEK | 784.0M SEK | 2.19B SEK |
| 2022 | 10.39B SEK | 577.0M SEK | 1.30B SEK |
| 2021 | 7.35B SEK | 513.0M SEK | 1.13B SEK |
Balance sheet, profit and loss, cash flow and ratios of Munters India Humidity Control Private Limited are on its company page.
Detailed financial statements for Munters
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Investments & Acquisitions by Munters
Munters has strategically engaged in corporate development activities, having acquired 13 companies. Notable acquisitions include Airprotech, BTN and EDPAC.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provides real-time livestock monitoring solutions | optifarm.co.uk | Chesterfield, United Kingdom | 2018 | Jun 2026 | •••• | |
Automation system services are provided by Hotraco. | hotraco-group.com | Hegelsom, Netherlands | 1974 | Oct 2024 | •••• | |
Custom-designed chillers for HVAC systems are manufactured globally. | geoclima.com | Gorizia, Italy | 1994 | Jul 2024 | •••• | |
Air protection and environmental solutions are distributed by Airprotech. | airprotech.eu | Magenta, Italy | 1995 | Mar 2024 | •••• | |
HVAC systems and air distribution solutions are manufactured and designed. | zecoaircon.com | Delhi, India | 1989 | Sep 2023 | •••• | |
Provider of rotary heat and mass transfer products | rotorsource.com | Baton Rouge, United States | 1999 | Nov 2022 | •••• | |
Provider of cloud-based automation and technology solutions for the agro-industrial sector | inobram.com.br | Pato Branco, Brazil | 2004 | Nov 2022 | •••• | |
Manufacturer of cooling, air handling, heat recovery, and other systems | edpac.com | Carrigaline, Ireland | 1968 | Jan 2022 | $32.89M | |
Humidifier sales, installation, service, and maintenance are provided. | humi-techservices.co.uk | Rochester, United Kingdom | 1999 | Jul 2018 | •••• | |
Trays and packaging equipment are manufactured and designed by Kevin. | kevincpp.com | Mumbai, India | 1972 | Apr 2017 | •••• |
Complete acquisition details for Munters
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Timeline of Munters
15 dated milestones of Munters across 71 years, from founding to its latest funding, stage changes and deals.
- Founded Munters is founded.
- Exit Acquired by Nordic Capital.
- Funding First funding round of $171K.
- Acquisition Acquires Kevin.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires HumiTech.
- Funding Latest funding round, Post-IPO, of $177.8M.
- Acquisition Acquires EDPAC.
- Acquisition Acquires InoBram.
- Acquisition Acquires Rotor Source.
- Acquisition Acquires Zeco Aircon.
- Acquisition Acquires Airprotech.
- Acquisition Acquires Geoclima.
- Acquisition Acquires Hotraco.
- Acquisition Acquires OPTIFarm.
Competitors of Munters
Munters has 6 listed competitors in our database. They include Enersense, South Pole, Catagen, Camfil and CECO, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| enersense.com | 2005 | Pori, Finland | – | – | Lifecycle services are provided for energy, industrial, and telecom infrastructure. | |
| southpole.com | 2006 | Zurich, Switzerland | – | 1 | Carbon offset solutions are provided globally by South Pole. | |
| catagen.com | 2010 | Belfast, United Kingdom | – | 17 | Air management services are provided for industrial and environmental needs. | |
| camfil.se | 1963 | Trosa, Sweden | – | – | Camfil is recognized as a global leader in air filtration solutions. | |
| cecoenviro.com | 1966 | Dallas, United States | – | 1,377 | Provider solutions that protect people, the environment, and industrial equipment | |
| ecosecurities.com | 1997 | Geneva, Switzerland | – | – | Provider of environmental services with expertise in carbon markets and emissions reduction projects |
Detailed competitors of Munters
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Web traffic of Munters
The website of Munters (munters.com) receives about 97.9K visits a month and ranks #372,073 among all websites worldwide, #4,498 in Construction and Maintenance.
- Monthly visits97.9K
▲ 1.7% vs previous month
- Unique visitors38K
per month
- Global rank#372,073
among all websites
- Category rank#4,498
Heavy Industry and Engineering · Construction and Maintenance
- Bounce rate44%
- Pages per visit2.6
- Average visit1 min 08 sec
- DevicesDesktop 44% · Mobile 56%
Websites whose visitors overlap most with Munters. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| aaon.com | 100% | 72.1K | #606,627 | View details | |
| desert-aire.com | 99% | 7.3K | #2,703,241 | View details | |
schaeferfan.com | schaeferfan.com | 91% | – | – | – |
semcohvac.com | semcohvac.com | 83% | – | #2,522,290 | – |
| guntner.com | 79% | 680.7K | #848,076 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 27 similar websites and full traffic analytics for Munters
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Top companies in Energy Efficiency & Conservation
10 companies that operate in the same segment as Munters (Energy Efficiency & Conservation), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Thin-film processing equipment is manufactured for LEDs and MEMS. | 1945 | Plainview, Texas, United States | – | USD 664.29 M | 1,230 | |
Industrial automation, power systems, and semiconductors are manufactured globally. | 1921 | Chiyoda, Tokyo, Japan | – | – | – | |
Commercial HVAC solutions in air conditioning and refrigeration are manufactured. | 1902 | Palm Beach Gardens, Florida, United States | – | USD 21.75 B | 48,000 | |
Energy conservation and automation solutions are provided for industrial processes. | 1926 | Pune, Maharashtra, India | – | USD 137.05 M | 1,840 | |
Electricity is distributed by Energisa in Brazilian regions. | 1905 | Rio De Janeiro, Rio De Janeiro, Brazil | – | USD 6.47 B | 17,410 | |
HVAC equipment for commercial applications is manufactured. | 1988 | Tulsa, Oklahoma, United States | – | USD 1.44 B | 4,810 | |
Multi-category consumer electronics products are provided by Syska. | 2012 | Pune, Maharashtra, India | USD 62 M | USD 148.76 M | 3 | |
Electronics, lighting, and smart consumer products are developed. | 1886 | Pittsburgh, Pennsylvania, United States | USD 1.1 M | – | – | |
Electrical and digital solutions for building infrastructures are provided. | 1860 | Limoges, Haute-vienne, France | – | USD 11.14 B | 34,900 | |
HVAC products are manufactured by Boyd Corporation for industry use. | 1928 | Modesto, California, United States | – | – | 1,397 |
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Related news about Munters
Complete news archive for Munters
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Frequently Asked Questions about Munters
Munters was founded in 1955 and raised its 1st funding round 62 years after it was founded.
Munters is headquartered in Beverly, United States. It is registered at Beverly, Massachusetts, United States.
Klas Forsstrom is the current CEO of Munters.
Munters has 5,410 employees.
The primary company behind Munters, Munters India Humidity Control Private Limited, reported revenue of ₹142 Cr for FY 2023, down 8% year on year.
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.
Munters's top competitors include Enersense, South Pole and CECO.
Munters offers Dehumidification Systems and Cooling Solutions.
Yes, Munters is publicly traded on OMXSTO under the ticker symbol MTRS.
Munters has made 13 acquisitions, including Airprotech, BTN, and EDPAC.
Munters has 2 investors. Key investors include European Union, and Nordic Capital.
Munters operates through Munters India Humidity Control Private Limited.