Munters has agreed to sell its FoodTech Equipment segment to Grain & Protein Technologies for €97.5 million, intending to enhance its focus on digital solutions within the FoodTech industry.

Information on the Target

Munters has entered into an agreement to divest its FoodTech Equipment segment to Grain & Protein Technologies (GPT), a subsidiary of American Industrial Partners (AIP), for €97.5 million (approximately SEK 1.1 billion) on a cash and debt-free basis. This divestment encompasses five production facilities located in Italy, Germany, China, and the United States, along with one assembly hub in South Africa and three sales offices. Approximately 400 dedicated employees across Europe, North America, the Middle East, and Southeast Asia will transition to GPT as part of this agreement.

The FoodTech Equipment offering includes essential products such as fans, ventilation and cooling systems, and CELdek (evaporative cooling pads) production. In 2024, this segment generated annual net sales of SEK 1,925 million and an adjusted EBITA of SEK 226 million. Notably, the production and sales of the CELdek product line in the Americas will remain within Munters and will be integrated into the AirTech business area, which had previously accounted for an estimated SEK 200 million in annual sales.

Industry Overview in the Target's Specific Country

The FoodTech sector plays a critical role in ensuring efficient agricultural practices and sustainable food production, particularly in European markets. The increasing demand for protein and t