Sweden. Munters Group AB

Date of agreement:23 Dec 2022
Customer:Munters Group AB
Amount in SEK:SEK 750 million
Amount in EUR:EUR 67.5 million
Maturity:7 years
NACE sector / loan type:Research and development


NIB has granted Munters Group AB a loan for financing their investments in R&D and digitalisation for the 2022-2026 period. The investment is projected to increase productivity by improving business processes and facilitate scalability of Munters’ operations.

Through innovative technologies, Munters creates solutions for the indoor climate in a range of mission-critical applications with an emphasis on the industrial, agricultural and data center sectors. Munters offers solutions that reduces the customers climate and environmental impact through efficient resource consumption, contributing to reduced carbon emissions.

Munters Group AB has around 3,800 employees carrying out manufacturing and sales in more than 30 countries. The group is listed on Nasdaq Stockholm.

Fulfilment of NIB's mandate


The investment is expected to benefit the group’s R&D organization, adding value to their technology for industrial and commercial applications as well as to material science. The innovation process will also contribute to increasing human capital, and that might result in some knowledge spillover effects.

Munters has initiated a digital transformation project to increase productivity by improving business processes and facilitate the scalability of the operations. The improvements are likely to be passed on to other market participants, suppliers and customers, in the form of improved interaction, faster response time and more efficient use of resources.

Sustainability summary

No significant negative environmental or social aspects identified for the R&D project.

Press release

NIB finances Munters’ R&D and digitalisation programme

Press release

NIB finansierar Munters FoU- och digitaliseringsprogram