Munters bets $37M on data-center cooling supply chain
What's the deal? Cooling technology provider MuntersDealroom has a profile for this one. Try Dealroom → Group will invest $9.5 million in a US joint venture with heat-exchanger producer Lordan and around €25 million (about $27.73 million) to expand its chiller plant in northern Italy. Both investments aim to shore up supply and capacity for its data-center business.
How it works: Munters will hold 45% of the US joint venture, with Lordan holding 55%. The venture will build a coil-manufacturing facility near Munters' existing site in Selma, Texas, with production expected to start in 12 to 18 months.
Why coils? They are a core component in Munters' cooling products. "Coils are a critical component in many of our cooling products," says Frank Pellegrino, president of Munters' Data Center Technologies business, citing products such as CRAHs and fan walls.
The seven-year agreement commits both parties to produce and buy set volumes at preferred lead times and prices. Lordan will run day-to-day operations; Munters will supply staffing and supply-chain resources.
Why Italy? The company is acquiring an adjoining site to build new production lines, R&D capabilities, and testing facilities over the coming year, responding to growing European demand for chillers.
Why now? Rising power and heat loads in data centers are driving investment in both air- and liquid-cooling systems. Munters expanded its Daleville, Virginia, campus in September, adding chiller production, testing, and manufacturing space.
By the numbers: Munters' Data Center Technologies unit had roughly 1,000 employees and net sales of about $601.21 million in 2025. The Swedish group, listed on Nasdaq Stockholm, reported total net sales of around $1.503 billion for the year and employs about 5,500 people across more than 25 countries.
The signal: This is strategic localisation rather than a change of direction. By securing a key component in the US and adding chiller capacity in Europe, Munters is reinforcing supply for a fast-growing business — though the payoff depends on demand turning into output and sales.
Read more: blackridgeresearch.com
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