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 players 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. Hereafter the Dantherm Group will 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 expands our product range of portable equipment and creates one of the largest global specialised players 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.
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