Munters to acquire Des Champs Technologies for ~$37 million

Munters entered into an agreement to acquire Des Champs Technologies (via holding company Entrodyne Corp.), a Virginia maker of custom commercial air-treatment and dehumidification equipment with ~$38M projected 2007 revenue, for approximately $37 million in cash.

“Munters has entered into an agreement to acquire 100 percent of the shares in Entrodyne Corp., the holding company of Des Champs Technologies, for approximately $37 million in cash. The transaction is expected to close shortly.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.