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Sweden: Air treatment company put up for sale

 |  July 26, 2016

Swedish buyout group Nordic Capital has started to prepare for the sale of Swedish air treatment company Munters in a potential $1.10 billion deal, some people familiar with the matter said.

The Nordic has mandated Goldman Sachs to handle the divestment, which will likely start in autumn, the people said.

Munters is among the world’s largest makers of climate control systems and just last year posted revenues of 580 million euros.

Nordic took Munters private in 2010, paying $659 million for its shares after a contentious bidding war with Swedish engineering group Alfa Laval.

Since 2010, Munters has sold a non-core asset to private equity firm Triton and acquired several companies which include Rotem and Reventa, makers of control systems for farmers.

Full Content: Reuters

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