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.

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

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Sources

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