Munters jumps to 1-yr high after US data center orders

Munters AB

02/01/2026 09:30

** Shares in Munters MTRS.ST jump around 11% to their highest in nearly a year after the Swedish air treatment solutions provider announced orders for data center cooling equipment worth 2.1 billion Swedish crowns ($227.95 million)

** With deliveries scheduled from Q4 2026 through Q1 2028, the orders reinforce Munters' ability to execute on large-scale projects, Jefferies said in a note

** "We see this as clear validation of Munters' pivot toward full-stack thermal management, leveraging Geoclima to expand its share of the cooling value chain," Jefferies analysyst noted

** They added that the company's structural drivers remain intact, with AI workloads and high-density compute environments pushing operators toward liquid cooling architectures, where Munters is well positioned

($1 = 9.2127 Swedish crowns)

(Reporting by Tomasz Kanik)

((tomasz.kanik@thomsonreuters.com))