Munters is a global leader in energy efficient air treatment and climate solutions. Using innovative technologies, Munters creates the perfect climate for customers in a wide range of industries, the largest being the food, pharmaceutical and data center sectors.

Munters has been developing new solutions for air treatment since 1955. Founded by the inventor and entrepreneur Carl Munters, the company was built around his insights to the laws of thermodynamics in combination with an ability to translate that understanding into new technology. 

Nordic Capital Fund VII acquired Munters through a recommended public tender offer in 2010. During Nordic Capital's ownership, Munters has undergone a large transformation both operationally but also via several synergistic add-on acquisitions and divestments of non-core assets. The company has also entered into several new segments including the fast growing data center market and built a sizeable service business.

Munters Group AB was listed on NASDAQ OMX Stockholm in May 2017. Nordic Capital Fund VII remains one of the largest shareholder in Munters after the listing with approximately 14.7% of the shares (as per November 2019)



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Industrial & Business Services

Key Information

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Revenues 2018*

EUR 700 million

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Nordic Capital Fund VII, controlling shareholding

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Head office

Kista, Sweden

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Investment date


* Annual report