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Munters buys Toussaint Nyssenne

Munters has completed the acquisition of energy efficient air-conditioning systems specialist Toussaint Nyssenne for 7.7 million Euros.

The Belgium based firm is strategically important for Munters’ Dehumidification Division and increases its market position on the European market for customized air-conditioning systems for offices, public buildings and industrial applications.

Around 120 staff will transfer to Munters under the deal

Lars Engström, Munters Chief Executive, said: “The operations will be integrated with the Dehumidification Division’s business and increase market potential through synergies within production integration, technology, distribution and other areas.”

The acquisition is expected to have marginal impact on Munters’ earnings per share for 2008.