A new chapter begins: Munters Group acquires Geoclima
Geoclima is excited to announce a significant milestone in its journey — Geoclima Group has been acquired by Munters Group, a distinguished Swedish firm founded in 1955 and listed on the large cap of Nasdaq Stockholm. This strategic acquisition represents a major step forward, unlocking immense growth opportunities for Geoclima in the dynamic data center market.
Munters’ Business Area Data Center Technologies (DCT) specializes in creating advanced climate solutions for data centers worldwide. Renowned for innovative technologies such as evaporative cooling (e.g., Oasis) and pumped refrigerant systems (SyCool), as well as successful sales of computer room air handlers, DCT has strategically added Geoclima’s high-efficiency chillers to its portfolio. This addition fills a crucial gap, making it a perfect strategic fit for both companies.
This acquisition will significantly expand Geoclima’s presence in the broader data center market, offering growth opportunities far beyond its current footprint. With ongoing digitalization and the rise of AI, the data center segment is increasingly attractive for any chiller manufacturer. Scaling up to fully capture these opportunities in a competitive market requires smart, value-adding partnerships, which Geoclima has found through this acquisition.
Stefan Aspman, President of Munters DCT and Group Vice President of Munters Group, shared his excitement:
“The integration of Geoclima’s technology and talent with Munters is truly exciting. Both companies share a similar DNA, focusing on energy-efficient solutions tailored to meet customer needs. Customer focus and innovation are at the core of both organizations, and with our combined team of talented and devoted individuals in heat transfer, refrigeration, engineering, and operations, the sky is the limit for what we can achieve together.”
Geoclima understands that change can bring uncertainty, but this acquisition is about opening new doors of opportunity rather than introducing risk or dramatic change. The decision to sell the company at this point was made with careful consideration of timing, trust, and business rationale. Joining forces will open new avenues for growth and success, providing a stronger foundation for the future and creating exciting opportunities for everyone involved.
The official completion of the acquisition has been signed today, although certain customary closing activities still need to be finalized. During this period, Munters will continue to work closely with Geoclima to determine a firm closing date, likely by the end of September.
Thank you for your continued support as Geoclima embarks on this exciting new chapter.
Paolo Ferraris
CEO of Geoclima
