India, Feb. 9 -- Munters Group AB announced that it has agreed to sell FoodTech Equipment offering to Grain & Protein Technologies (GPT), owned by American Industrial Partners (AIP), for EUR 97.5 million or about SEK 1.1 billion on a cash and debt free basis. The divestment is anticipated to close during the first half of 2025.
The divestment includes five production facilities across Italy, Germany, China and US, one assembly hub in South Africa and three sales offices.
As of the first quarter 2025, the FoodTech Equipment offering will be reported as discontinued operations, the divestment will result in a capital loss of approximately SEK 0.5 billion.
The FoodTech Equipment offering includes fans, ventilation and cooling systems as wel...