Munters has signed an agreement to acquire Hotraco (NL), a leading developer of control systems and sensors for the agricultural sector, strengthening Munters FoodTech portfolio. It marks another step in the strategy to create a digital ecosystem built around data capture platforms and software that supports a more efficient and sustainable food production.
Hotraco is a leading provider of premium controllers and systems for automation, targeting the global agricultural technology industry mainly within poultry, layer and greenhouses. In addition, Hotraco provides solutions for crops storage, expanding Munters offering within the food supply value chain to a new segment.
”The acquisition is fully in line with our digital strategy for FoodTech and Munters continued M&A agenda. It is a perfect complement to our market leading offer. I am delighted to welcome Hotraco employees to the Munters family, says Klas Forsström, President and CEO of Munters.
Munters is building a comprehensive ecosystem centered on data capture platforms such as controllers, sensors and IoT combined with advanced supply chain optimization software for AI-driven analytics.
”This supports our vision to provide insights driving optimization across the entire value chain to improve yield, sustainability, transparency and animal welfare. With an installed base of 45,000 controllers across 50 countries, predominantly in Europe, Hotraco strengthens our European presence. It expands the amount of data integrated into our data ecosystem around the global food supply chain”, says Pia Brantgärde Linder, President of business area FoodTech.
Hotraco’s net sales for FY 2023 amounted to approximately MSEK 465 (MEUR 41). The company was founded in 1974, employes 140 people and has its headquarter in the Netherlands.
The acquisition will be financed through existing credit facilities and is expected to be completed during the fourth quarter 2024.
For more information:
Line Dovärn, Director, Investor Relations
E-mail: line.dovarn@munters.com, Phone: +46 (0)73 048 844
Media:
Eva Carlsson, Director External Communications
E-mail: eva.carlsson@munters.com, Phone: +46 (0)70 88 33 500
About Munters Group
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. Munters has been defining the future of air treatment since 1955. Today, around 5,000 employees carry out manufacturing and sales in more than 30 countries. Munters Group AB reported annual net sales of more than SEK 14 billion in 2023 and is listed on Nasdaq Stockholm. For more information, please visit www.munters.com.
