Munters AB is a global leader in energy efficient air treatment solutions and restoration services. The Group has more than 4,000 employees and net sales of about SEK 6,570 million.
Munters MCS (Moisture Control Services) is a service division within property damage restoration and the temporary humidity control area. The Italian business unit has been under performing for a number of years. The Group decided to dismiss it.
Saccomandi srl, based in Teramo, Italy, is one of the most important Italian companies in the industrial reclamation and requalification sector.
Cross Border, together with Arctos, advised Munters AB. Jointly they negotiated the mandate, then Cross Border helped the company to identify the lead counter-party and to handle the sale process of the business unit MCS Italy, also in the final negotiation, optimizing the Italian business unit’s value despite its negative financial position.