Munters Acquires Des Champs Technologies, experts in Indoor Air Quality and Energy Recovery.STOCKHOLM, Sweden -- Munters (STO:MTRS MTRS Massachusetts Teachers' Retirement System MTRS Mean Time to Restore Service (ITU-T) MTRS Message Transport and Routing Service (Telcordia) MTRS Man Transportable Robot System ) has entered into an agreement to acquire U.S.-based Des Champs Technologies, which holds a technology-leading position in energy-efficient air treatment solutions, complementing Munters Dehumidification product range. The company employs approximately 200 people, and projected 2007 revenue is US$ 38 Million. Located in Buena Vista, Virginia Buena Vista, pronounced [bunna vista], is an independent city located within the confines of Rockbridge County in the state of Virginia. The population was 6,349 at the 2000 census. , USA, Des Champs principally manufactures custom outside air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. equipment for commercial buildings based on its expertise in heat exchangers, dehumidification and indirect evaporative cooling Evaporative cooling is a physical phenomenon in which evaporation of a liquid, typically into surrounding air, cools an object or a liquid in contact with it. Latent heat describes the amount of heat that is needed to evaporate the liquid; this heat comes from the liquid itself and . Des Champs also manufactures industrial heat exchangers. With this acquisition, Munters dramatically strengthens its position as a leading supplier of energy-efficient climate control solutions for commercial buildings. "Des Champs provides an exceptional fit with our Commercial Business Area within the Dehumidification Division," says Mike McDonald, President, Dehumidification Division. "This expansion aligns with our strategy as an innovation leader in energy-efficient indoor air quality Indoor Air Quality (IAQ) deals with the content of interior air that could affect health and comfort of building occupants. The IAQ may be compromised by microbial contaminants (mold, bacteria), chemicals (such as carbon monoxide, radon), allergens, or any mass or energy stressor solutions for our customers. The acquisition enhances our expertise in energy recovery and indirect evaporative cooling, where Des Champs holds a technology-leading position. The broader product range and technology integration opportunities with our unique energy-efficient cooling and dehumidification products, will allow our joint customers the opportunity to further reduce their energy consumption. It also enables us to provide solutions for all climates, significantly increasing our sales potential in a growing market." Mike concludes. Des Champs Technologies offers a full range of world-class technologies for energy-efficient packaged systems with plate-type and heat pipe heat exchangers, sensible and total energy recovery wheels, polymer tube indirect evaporative coolers, and welded industrial heat exchangers. The core strength is in offering optimal, often unique solutions to meet customers' needs. The most significant product range is the Wringer wring·er n. One that wrings, especially a device in which laundry is pressed between rollers to extract water. Idiom: put (someone) through the wringer Slang To subject to a severe trial or ordeal. [TM] series. The Wringer[TM] is a packaged make-up air unit that incorporates a counter-flow heat-exchanger to pre-cool and reheat Re`heat´ v. t. 1. To heat again. 2. To revive; to cheer; to cherish. Verb 1. reheat - heat again; "Please reheat the food from last night" the outside air. It is specifically designed to address indoor-air-quality problems by controlling space humidity and supplying the required amount of fully conditioned outdoor air with lowered energy consumption. A pioneer of indirect evaporative cooling systems, Des Champs Technologies also produces high quality indirect evaporative coolers, which dramatically reduce the energy consumption for conditioning outdoor air in dry climates. The combined business will be able to accelerate growth through synergies in product integration, technology and distribution. In addition, cost reductions in purchasing, manufacturing and administration are anticipated. Des Champs' present management team will remain. Munters has entered into an agreement to acquire 100% of the shares in Entrodyne Corporation, the holding company of Des Champs Technologies for approximately US$ 37 million in cash. The transaction is expected to close shortly, as it is not subject to competition authority clearance, but only to fulfillment of certain ordinary pre-closing events. The impact on Munters' consolidated earnings per share is anticipated to be positive in 2007. For further information, please see www.deschamps.com Sollentuna 4 April 2007 Lars Engstrom Chief Executive Officer Munters is the world leader in humidity control with services and products for water and fire damage restoration, dehumidification, humidification Humidification The process of increasing the water-vapor content (humidity) of a gas. This process and its reverse operation, dehumidification, are important steps in air conditioning for human comfort and in many industrial operations. and air cooling. Customers are served in a wide range of segments, the most important being insurance-, utilities-, food-, pharma- and electronics- industries. Manufacturing and sales are carried out via the Group's own companies in 30 countries. The Group has around 3,600 employees and net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 5,712 million. Munters is listed on OMX OMX Office Max (stock symbol) Nordic Exchange. For more information see www.munters.com This information was brought to you by Cision http://newsroom.cision.com |
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