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Munters signs an agreement to divest the FoodTech Equipment offering

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STOCKHOLM, Feb. 9, 2025 /PRNewswire/ — Munters has signed an agreement to divest the FoodTech Equipment offering to Grain & Protein Technologies (GPT), owned by American Industrial Partners (AIP), for MEUR 97.5 (approximately BSEK 1.1) on a cash and debt free basis.

The announced divestment is in line with Munters strategy to achieve increased long-term value creation, with focus on selected segments in each business area. In the business area FoodTech, Munters has intensified its efforts in the field of digital growth with software, controllers, sensors and IoT, which from now will form the FoodTech business area. The announced divestment marks an important step in streamlining the operations within business area FoodTech.

“The sale of the Equipment business offering is an important move towards our goal of enhancing our focus on FoodTech digital solutions. The equipment business has a distinguished legacy in engineering, strong leadership, and committed staff. I am certain that GPT will be a very good owner for them in the next stage of their development,” says Klas Forsström, President and CEO of Munters.

The divestment includes five production facilities across Italy, Germany, China and US, one assembly hub in South Africa and three sales offices. Approximately 400 employees operating across Europe, North America, Middle East and Southeast Asia are part of this business, which manufactures and sells ventilation equipment for customers within livestock farming and greenhouses. The FoodTech Equipment offering includes fans, ventilation and cooling systems as well as production of CELdek (evaporative cooling pads), generating annual net sales of MSEK 1,925 and an adjusted EBITA of MSEK 226 in 2024.

Production and sales of the CELdek product line in Americas is excluded from the divestment and will be fully integrated into the business area AirTech, which would have added approximately MSEK 200 in annual net sales based on 2024 for the AirTech Americas region.

As of the first quarter 2025, the FoodTech Equipment offering will be carved out and reported as discontinued operations, the divestment will result in a capital loss of approximately BSEK 0.5. The divestment is anticipated to close during the first half of 2025, subject to regulatory approvals and other customary closing conditions.

GPT’s owner, AIP, is a US based private equity firm investing in industrial business serving domestic and global markets.

For more information, please contact:
Line Dovärn, Head of Investor Relations
E-mail: line.dovarn@munters.com, Phone: +46 (0)730 488 444

Media
Daniel Frykholm, Vice President External Relations and Internal Communication
E-mail: daniel.frykholm@munters.com, Phone: +46 (0)702 067 786

This information is information that Munters Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 11.05 CET on February 9, 2025.

About Munters Group
Munters is a global leader in energy-efficient air treatment and climate solutions. Using innovative technologies, Munters creates the perfect climate for customers in a wide range of industries. Munters has been defining the future of air treatment since 1955. Today, around 5,400 employees carry out manufacturing and sales in more than 30 countries. Munters Group AB reported annual net sales of more than SEK 15 billion in 2024 and is listed on Nasdaq Stockholm. For more information, please visit www.munters.com

About Grain & Protein Technologies
GPT designs, manufactures and markets grain and seed storage equipment as well as feeding, ventilation and control systems for worldwide protein production, principally poultry, swine and egg. The Company is the largest manufacturer of grain and seed processing and storage equipment in North America and is among market leaders in South America. GPT is also one of largest providers of protein production equipment for swine and poultry producers. Solutions that the Company provides are mission critical to agribusiness seeking to maximize quality, yields and value of their products. GPT markets its agricultural equipment primarily under its GSO, AP, Cumberland, Tecno and Cimbria brands in more than 100 countries through a network of over 1.000 independent dealers. www.grainandprotein.com

About American Industrial Partners
American Industrial Partners (“AIP”) is an industrials investor, with approximately $16 billion in assets under management. AIP is distinctively focused on industrial businesses across a broad range of end markets that include: aerospace and defense, automotive, building products, capital goods, chemicals, industrial services, industrial technology, logistics, metals & mining, and transportation, among others. AIP looks to generate differentiated returns by investing in quality industrial businesses with strong management teams and working with those teams to implement comprehensive operating agendas to build long-term value. Current AIP portfolio companies generate aggregate annual revenues of approximately $25 billion and employ approximately 65,000 employees as of March 31, 2024. In October 2023, AIP closed its eighth fund at $5.1 billion. www.americanindustrial.com

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GDT Ranks on CRN Tech Elite 250 for 11th Year

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DALLAS, March 17, 2025 /PRNewswire/ — Global IT solutions provider GDT today announced that CRN, a brand of The Channel Company, has once again been honored on the 2025 Tech Elite 250 list.

“GDT has earned certifications with many of the world’s leading tech providers.” –  Shawn O’Grady, Chair and CEO of GDT

This elite annual list showcases solution providers based in the U.S. and Canada that are committed to excellence and distinguish themselves by attaining top-tier certificates and specializations from leading technology vendors in the areas of artificial intelligence, infrastructure, cloud, and security. GDT has been included in the CRN Tech Elite 250 eleven times since the list was founded in 2011.

“GDT is proud to have been included in the CRN Tech Elite 250 for six consecutive years,” said Shawn O’Grady, Chair and CEO of GDT. “GDT has earned certifications with many of the world’s leading tech providers. We are committed to helping our customers leverage the most advanced technologies to build resilient, modern infrastructures that can scale for the future of business and harness AI’s full potential.”

GDT continues to expand its knowledge base and elevate its industry expertise by pursuing advanced certifications with partners such as Cisco, HPE, Intel, VMWare, and NetApp, to name a few. GDT maintains over 450 certifications.

“Congratulations to the solution providers on CRN’s Tech Elite 250 for this recognition of their dedication to achieving top-level certifications and comprehensive proficiency in these critical technologies,” said Jennifer Follett, VP, U.S. Content, and Executive Editor of CRN at The Channel Company. “These companies are committed to expanding their expertise so they can consistently deliver outstanding IT solutions that help their customers thrive.”

Coverage of the Tech Elite 250 is featured in the April issue of CRN Magazine and online at www.CRN.com/techelite250.

About GDT

GDT is an award-winning, $1.4 billion IT solutions provider with a 29-year heritage and a global workforce, including its Technology Center in Bangalore. The company takes a people-first approach to solving complex problems, achieving meaningful outcomes, and driving strategic change. GDT maintains over 450 certifications with the world’s best-known technology providers.

Explore GDT solutions and offerings across cybersecurity, enterprise networking, hybrid data center, lifecycle services, and more. Follow GDT on LinkedIn.

View original content to download multimedia:https://www.prnewswire.com/news-releases/gdt-ranks-on-crn-tech-elite-250-for-11th-year-302403597.html

SOURCE GDT

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3 Unmissable Sessions Driving the Future of Game Development at GDC 2025

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Industry-leading sessions to explore platformer design, inclusive gaming, and blockchain’s evolving role.

SAN FRANCISCO, March 17, 2025 /PRNewswire/ — Scalex VC is excited to highlight three key sessions at GDC 2025 that will shape discussions around the future of gaming. As a leading venture capital firm investing in emerging technologies, Scalex VC is dedicated to fostering meaningful dialogue on platformer design, bias-aware game development, and blockchain’s evolving role in gaming. This year’s conference, taking place from March 17-21, 2025, will bring together top game creators, technologists, and thought leaders, providing attendees with practical strategies and deep insights from experts in these fields.

1. The Making of Astro Bot – Mastering Platformer Design

Date & Time: March 20, 2025 | 11:00 am12:00 pm PT
Speaker: Nicolas Doucet, Studio Director, Team ASOBI, PlayStation

Renowned for crafting some of PlayStation’s most engaging platformers, Team ASOBI’s Astro Bot has redefined accessibility and immersive game design. In this session, Nicolas Doucet will provide an exclusive look into the studio’s iterative design approach, ensuring seamless gameplay mechanics and universal player engagement.

Key Takeaways:

10 core principles for designing fluid and responsive platformers.How Team ASOBI balances challenge and accessibility in level design.The role of iterative prototyping in crafting engaging player experiences.

2. Leveling Up Player Experience Through Bias-Aware Game Design

Date & Time: March 20, 2025 | 2:30 pm3:00 pm PT
Speakers: Tanjulia Akter, Natashia Tjandra, and Faith McGee (Electronic Arts)

With gaming’s global audience becoming more diverse, addressing unconscious bias in-game mechanics and AI is critical for creating engaging and equitable experiences. This session provides hands-on frameworks to ensure inclusivity at every game development stage.

Key Takeaways:

Real-world examples of bias in game design and how to counteract it.Step-by-step frameworks for improving fairness in gameplay mechanics.How inclusive design enhances engagement and expands player reach.

3. Beyond the Tokens – Blockchain’s Role in Game Development

Date & Time: March 18, 2025 | 9:30 am10:00 am PT
Speakers: Kelvin Bonilla (Solana Foundation) & Devanshu Bharel (Spaceman Gaming)

With blockchain technology evolving beyond speculation, this session explores practical applications of decentralized assets, player-owned economies, and the technical trade-offs of Web3 integration in gaming. Developers will learn how blockchain solutions can enhance player experiences without disrupting core gameplay.

Key Takeaways:

Real case studies of blockchain integration in gaming.Addressing the technical and player adoption challenges of Web3.Strategies for implementing decentralized features that enhance—not hinder—gameplay.

Press & Media Contact

For interview requests, press passes, and media inquiries:
Zedd Mokhtar
60178799291
391950@email4pr.com

View original content:https://www.prnewswire.com/news-releases/3-unmissable-sessions-driving-the-future-of-game-development-at-gdc-2025-302403613.html

SOURCE Scalex VC

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Essential Energy Selects Oracle to Modernise NSW’s Largest Electricity Network

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Leading energy distributor achieves core-to-edge modernisation with Oracle’s finance, HR, and workforce solutions to improve efficiency, support renewables, and enhance customer services

SYDNEY, March 18, 2025 /PRNewswire/ — Oracle CloudWorld Tour Sydney — Oracle today announced that Essential Energy, a leading electricity distributor in Australia, has modernised its operations and optimised asset management with Oracle’s cloud applications. This transformation enables Essential Energy to deliver safe and reliable power for the communities it serves while positioning it to play a pivotal role in Australia’s clean energy transition.

Essential Energy operates and maintains one of Australia’s largest electricity distribution networks, covering 95 percent of New South Wales and parts of southern Queensland, and serving over 890,000 customers across regional, rural, and remote communities. It plays a key role in the State’s transition to renewable energy, as noted in the NSW Electricity Infrastructure Roadmap. Managing energy across such a vast and diverse area presents unique challenges, including the need to modernise ageing infrastructure to meet growing power demands and prepare for emerging technologies.

Building on its long-standing relationship with Oracle, Essential Energy selected Oracle Fusion Cloud Applications Suite and Oracle Utilities Work and Asset Cloud Service (WACS) to improve business insights, enhance operational efficiency, and optimise workforce management to better meet evolving customer expectations.

“To strengthen our core business, we needed the right technology to modernise and replace a number of legacy software solutions used to manage our asset and works management value chain,” said Brad Thomas, head of Asset Engineering, Risk and Compliance, Essential Energy. “Oracle’s solutions are helping us manage over 10 million assets, systemise maintenance requirements, and provide an end-to-end view of our asset management system. With these tools we have improved our asset management practices and aligned our enterprise systems. They have also laid the foundation to help us lead Australia’s clean energy transition.”

Utilising integration between the Oracle applications, Essential Energy is able to create a centralised, and common data model for asset and financial management. By harnessing data insights from Oracle Fusion Applications and Oracle Utilities WACS, the company is able to optimise maintenance and maximise asset value to deliver greater benefits to customers across Australia.

Essential Energy can also take advantage of the cloud based applications to increase productivity, reduce costs, expand workforce insights and enhance employee experience through Oracle Fusion Cloud Enterprise Resource Planning (ERP) and Oracle Fusion Cloud Human Capital Management (HCM). With quarterly update cycles, Oracle Fusion Applications will give the Essential Energy team access to continuous innovation as new features are added every 90 days, without downtime or business disruption.

Using Oracle Utilities WACS, Essential Energy can access insights, modelling, and planning capabilities that maximise its ability to manage network assets and better support communities, businesses, and residential customers. Over time, this enables the organisation to have clearer visibility into its asset and works management processes to support a more resilient and reliable electricity network across its entire footprint.

“Essential Energy’s cloud-first approach is redefining what’s possible in the energy sector, setting a new benchmark for modernisation and sustainability,” said Stephen Bovis, regional managing director, Australia and New Zealand, Oracle. “With Oracle Fusion Applications and Oracle Utilities Work and Asset Cloud Service, Essential Energy is not just optimising operations—it’s transforming its entire approach to managing one of Australia’s largest and most critical electricity networks. We are proud to work with Essential Energy in accelerating New South Wales’ clean energy transition while strengthening the State’s energy infrastructure and delivering lasting value to communities across the region.”

Deloitte and Accenture, both long-term members of the Oracle PartnerNetwork (OPN), were engaged to support the implementation of Oracle Cloud ERP and Oracle Cloud HCM, and Oracle Utilities WACS, respectively.

About Essential Energy 
Essential Energy builds, operates and maintains one of Australia’s largest electricity distribution networks, servicing over 900,000 customers across regional, rural and remote communities.   

The network footprint covers 95 per cent of New South Wales and parts of southern Queensland, traversing 737,000 square kilometres of diverse landscape from the desert to the coast, across alpine to sub-tropical.   

Delivering safe and reliable electricity for our communities is at the core of what we do, while actively supporting the energy transition through enabling the connection of renewables on the network.

Essential Energy’s footprint includes 1.4 million power poles.  

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

About Oracle CloudWorld Tour
Oracle CloudWorld Tour is Oracle’s global celebration of customers and partners. Join us to discover how to get the most business value from AI, explore ways to increase productivity and efficiency through automation, and learn more about our cloud infrastructure, database, and applications from the people that build and use them. For session details, news and more visit oracle.com/au/cloudworld-tour/ or oracle.com/au/news.

Trademarks
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

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SOURCE Oracle

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