01/03-17 - Press releases

Dantherm Group acquires the Master Climate Solutions Group (MCS) in Italy

Effective February 2017, Dantherm has acquired the Master Climate Solutions Group (MCS) in Italy from the Italian private equity firm Alcedo SGR. MCS is headquartered in Italy with subsidiaries in Poland, Russia, Spain and China.

MCS is a global supplier of portable equipment for heating, dehumidification, cooling and ventilation, for professional applications in a variety of sectors. MCS has more than 60 years' experience, is the market leader in Europe and one of the most renowned companies in China and the US.

The acquisition of MCS is a key milestone in the expansion strategy of Dantherm following the acquisitions of Calorex Heat Pumps Ltd. in the UK and Schönmann AG in Switzerland in 2016. The Dantherm Group will now exceed revenue of EUR 100 million with more than 500 employees spread across 12 countries.

Torben Duer, CEO at Dantherm Group says: "The acquisition of MCS allows us to greatly expand our range of portable products and become a global market leader specialising in climate control. We are excited about the opportunities that MCS provides in terms of market presence and product offering to existing and new partners and customers".

MCS and Dantherm will continue to operate in the market as two independent brands, and will utilise each other's market and product strengths, thereby forming the basis for increased growth of both companies.

Any enquiries concerning this announcement can be directed to Torben Duer, CEO, Dantherm HVAC Holding A/S, on tel. +45 99 14 90 14.

About Dantherm HVAC Holding A/S
Dantherm, headquartered in Skive, Denmark, is a leading provider of products and solutions within ventilation, dehumidification, mobile heating & cooling and electronics cooling. Dantherm has subsidiaries in Norway, Sweden, UK, Germany and Switzerland. In 2016 the Dantherm HVAC Group was acquired by Procuritas Capital Investors V LP. www.dantherm.com

About Master Climate Solutions (MCS)
MCS, headquartered in Pastrengo, Italy, is a global supplier of portable equipment for heating, dehumidification, cooling and ventilation, for professional applications in a variety of sectors. MCS has subsidiaries in Poland, Russia, Spain and China. www.mcsworld.com

About Calorex Heat Pumps Ltd
Calorex, headquartered in Maldon, UK, is a leading British manufacturer of swimming pool heat pumps, dehumidifiers, commercial heat pumps and heat recovery, portable air-conditioners and building dryers. www.calorex.com

About Procuritas Capital Investors V LP (PCI V)
PCI V is a private equity fund focusing on mid-sized companies in the Nordic Region. PCI V is advised by Procuritas Partners AB and Procuritas Partners GmbH. Procuritas, founded in 1986, has been a pioneer in introducing the concept of MBOs in the Nordic region. www.procuritas.com