Munters Group AB, which is listed on the Nasdaq Stockholm stock exchange, manufactures and sells its climate solutions in more than 30 countries worldwide. Its customers work across a wide range of industries, the largest being the food, pharmaceutical and the data centre sectors.
Humi-Tech Services Ltd. is located in Kent and has over 19 years’ experience in offering humidification services to its customers. Humi-Tech Services Limited covers all of the UK with its broad experience of services related to humidification systems. The acquisition will add further competences to Munters Global Services, already well established for 60 years, in the UK air treatment business.
Paul Crocker and Matthew Willmott of PKF Francis Clark provided acquisition support services and due diligence for Munters. Legal advice was given by Simon Smith of Clarke Willmott.
Andreas Tyseng Head of M&A at Munters said:
“PKF was a trusted advisor and provided comprehensive and timely advice throughout the acquisition process. They exceeded our expectations”.
“The acquisition is part of Munters Global Services strategy to grow its footprint and competences. It will expand our humidification offering and enable us to enhance our ability to support our customers with new service offerings.”
Matthew Willmott, Corporate Finance Associate Director at PKF said:
“We were extremely pleased to support Munters, a global leader in their sector, with this acquisition. It’s also very positive to see a substantial global business such as Munters identifying growth opportunities and investing in the UK.”
Simon Smith, Partner at Clarke Willmott said:
“We were delighted to advise Munters on this important strategic acquisition, working alongside the excellent team at PKF Francis Clark. In the last 18 months we have seen a significant increase in overseas investment in UK businesses and our involvement reflects the corporate team’s growing reputation for providing high quality and good value advice to our clients both in the UK and overseas.”