Munters Acquires Italian Data Center HVAC Firm Geoclima
Italy: Munters has signed an agreement to acquire Geoclima, an Italian manufacturer of air- and water-cooled chillers. Terms of the deal were not disclosed, but it will be fully financed through existing credit facilities and is expected to be completed in the second half of 2024. Geoclima founder Paolo Ferraris, who has led the company as CEO for 30 years, will remain as managing director for at least the next 12 months. Founded in 1994, Geoclima offers a range of Turbocor compressor-powered chillers for data centers, including free-cooled and adiabatic systems. The acquisition gives Munters access to chiller technology, which will be offered through the company’s Data Center Technologies (DCT) cooling portfolio.
Source: Data Center Dynamics (DCD)