Cooling technology provider Munters Group has announced a pair of investments aimed at strengthening supply chain capacity for its data center business, including a US joint venture with heat exchanger producer Lordan and an expansion of its chiller manufacturing operations in Italy.

Italian chiller expansion and new joint venture

The announcement outlines how the Swedish company will invest approximately USD 9.5 million to take a 45% stake in a new joint venture with Lordan, which will hold the remaining 55%.

In parallel, Munters will expand its existing chiller production facility in northern Italy with a total estimated investment of around USD 27.73 million.

US joint venture focused on coil manufacturing

The joint venture with Lordan, a producer of high-quality fin and tube heat exchangers, will establish a facility for coil manufacturing near Munters Data Center Technologies' existing facility in Selma, Texas. Production is expected to begin within 12 to 18 months.

Coils are a critical component in many of Munters' cooling products, and Frank Pellegrino, President of Munters business area Data Center Technologies, framed the collaboration as a way to secure supply for key product lines.

"Coils are a critical component in many of our cooling products. Through this collaboration with a well-established expert in heat exchangers, we are ensuring a flexible supply of high-quality coils and related components for products such as CRAHs and fan walls," says Pellegrino.

He also pointed to the location of the new facility as a practical advantage. "The proximity to our existing facility is an added benefit from an efficiency and environmental perspective, and we're excited about the potential for this joint venture to contribute to our in-house expertise around thermal management and heat exchange," Pellegrino added.

The agreement with Lordan is valid for seven years and includes commitments from both parties to produce and acquire a certain quantity of coils over that period, at preferred lead times and price levels. Under the arrangement, Lordan will be responsible for day-to-day operations at the facility, while Munters will contribute supply chain and staffing resources.

Chiller capacity expansion in northern Italy

Alongside the US joint venture, Munters has decided to expand its existing facility in northern Italy for the manufacturing of chillers in response to growing European demand for these products.

The company is acquiring an adjoining site and will, over the coming year, develop new production lines, R&D capabilities, and testing facilities. The total investment is estimated at around USD 27.73 million.

"This investment signifies our commitment to growing chiller capacity for Europe, as well as the importance of our Italian operations as a hub for expertise in this area," Pellegrino said.

Context on the data center business

Munters' business area, Data Center Technologies, is a provider of advanced cooling systems for data centers, with a range of heat rejection technologies covering both liquid and air cooling needs. According to the company, DCT had approximately 1,000 employees and net sales of around USD 601.21 million in 2025.

Munters Group as a whole reported annual net sales of approximately USD 1.503 billion in 2025 and is listed on Nasdaq Stockholm. Headquartered in Sweden, the company has around 5,500 employees and operations in more than 25 countries.

The two investments, announced together, reflect the company's stated aim to strengthen supply chain capacity for its data center cooling products on both sides of the Atlantic through near-shored coil manufacturing in Texas and expanded chiller production serving the European market.

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