Munters Group

Munters Group is a niche in the AI & Data Center segment of the semiconductor & AI supply chain, headquartered in Kista, SE. Its key customers include Amazon (Annapurna Labs), Microsoft, Equinix.

Air treatment and data-center cooling systems.

Ticker
STO: MTRS
Headquarters
Kista, SE
Revenue
$1.5B (FY2025) · -4.8% YoY
Net income
$11M
Operating margin
10.0%
Market position
niche
Value-chain segment
Power & Cooling
Key products
AHU (air handling unit) evaporative cooling for data centers, Direct evaporative coolers (DEC), Liquid cooling (HEX and adiabatic) for hyperscale, Indirect evaporative cooling (IEC/IDEC), Desiccant dehumidification systems

About Munters Group

Munters Group, headquartered in Sweden, operates in the Power & Cooling segment of the semiconductor & AI supply chain and is positioned as a market niche there. Its key products include AHU (air handling unit) evaporative cooling for data centers, Direct evaporative coolers (DEC), Liquid cooling (HEX and adiabatic) for hyperscale, Indirect evaporative cooling (IEC/IDEC), Desiccant dehumidification systems. wafergraph maps 7 tracked customers for Munters Group across the value chain. It has a supply-chain criticality score of 50/100, with 236 companies downstream of it.

Role in the chain

Munters Group is a market niche in AI & Data Center (Power & Cooling), headquartered in Sweden. Air treatment and data-center cooling systems.

Diligence questions

  1. The dataset names 7 tracked customers for Munters Group. How concentrated is demand among those names, and which of them have a documented second source in this graph?
  2. Munters Group is headquartered in Sweden. What jurisdiction, export-control or logistics risk sits at that HQ, versus at the fabs or plants the filings actually name?
  3. Munters Group trades as STO:MTRS. What does the latest reported period say about capacity and backlog versus the graph position above?
  4. Before treating any edge as a verified relationship, check the provenance labels on the company page and the method note at /methodology.

Full diligence pack for Munters Group

Key products

  • AHU (air handling unit) evaporative cooling for data centers
  • Direct evaporative coolers (DEC)
  • Liquid cooling (HEX and adiabatic) for hyperscale
  • Indirect evaporative cooling (IEC/IDEC)
  • Desiccant dehumidification systems

Customers

More AI & Data Center companies

Compare with

Schneider Electric · Eaton · Delta Electronics · Vertiv · Bloom Energy · Asia Vital Components Co., Ltd.

Sources

Open the interactive supply-chain view →

Cite as: wafergraph, “Munters Group — supply chain, financials & market position”, https://wafergraph.com/company/munters (data as of 2026-09-05).

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