Munters agrees to acquire Toussaint Nyssenne, accelerating growth in Energy Efficient Air Treatment Systems

Munters agrees to acquire Toussaint Nyssenne, accelerating growth in Energy
Efficient Air Treatment Systems 

July 10, 2008, 2:00 pm. - Munters has entered into an agreement to acquire
Belgium-based Toussaint Nyssenne, manufacturer of high quality air conditioning
systems, complementing Munters energy-efficient air treatment product range. The
company employs approximately 150 people, and had 2007 revenues of EUR 17 M
(SEK160 M). 

Located in Dison, Belgium, Toussaint Nyssenne manufactures high quality
customized air conditioning systems for offices, public buildings and industrial
applications. The systems are highly flexible and modular, providing air
treatment for a wide variety of demanding applications. 

With this acquisition, Munters Dehumidification Division continues its strategic
growth initiative in energy-efficient air treatment solutions by strengthening
its position and presence on the European market. The combined business will be
able to accelerate growth through synergies in product integration, technology
and distribution.

The most significant opportunity is providing greater availability in Europe of
the Munters Drycool/HCU technology, which is highly successful in North America.
These innovative products provide customers the ability to control temperature
and humidity independently, providing fresh air to a building with up to 45%
reduction in energy consumption compared to conventional solutions. Toussaint
Nyssenes products also complement and add to Munters' Industrial
Dehumidification product range, providing the combined entity with a more
complete range of solutions for its customers."In line with Munters strategic growth plan, the acquisition of Toussaint
Nyssenne enables us to accelerate our growth in energy efficient air treatment
solutions in Europe" says Lars Engström, CEO of Munters. “Toussaint Nyssenne is
renowned for their high product quality and application know-how, capabilities
that goes well with the core values of Munters”. 

Toussaint Nyssenne had 2007 earnings before interest, taxes, depreciation and
amortization of approximately EUR 1,25 M. The acquisition price corresponds to
an assessed enterprise value of EUR 7,7 M, less the company's normalized net
debt position during 2008 up until closing. The acquisition price is paid in
cash on closing. The completion of the transaction is conditional upon several
pre-closing conditions which the sellers are expected to fulfil, and closing is
anticipated within a few months. The acquisition is anticipated to impact
Munters' 2008 Earnings Per Share positively.

Kista, July 10, 2008 

For further information, please contact:
Lars Engström, CEO Tel: +46 8 626 63 03 Mob: +46 70 228 85 19
Jonas Samuelson, CFO Tel: +46 8 626 63 06 Mob: +46 70 626 63 79
Andreas Olofsson, VP Corp. Communication Tel: +46 8 626 54 08 Mob: +46 703 518
400


Munters is a global leader in energy efficient air treatment solutions and
restoration services based on expertise in humidity and climate control
technologies. 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 more than 30 countries. The Group has close to 4,300 employees and
net sales of about SEK 6.3 billion. The Munters share is listed on OMX Nordic
Exchange Stockholm, Mid Cap. For more information see www.munters.communters.com