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Carel buys Danish dehumidification solutions provider Cotes for EUR 56.1 million

PUBT·07/10/2026 20:12:54
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Carel buys Danish dehumidification solutions provider Cotes for EUR 56.1 million
  • Carel Industries agreed to buy 100% of Denmark-based Cotes, a maker of energy-efficient adsorption dehumidification systems.
  • Deal value set at DKK 419 million, equal to EUR 56.1 million at an EUR/DKK 7.475 exchange rate.
  • Purchase price to be paid in cash at closing, subject to customary net debt and working-capital adjustments.
  • Closing targeted for Q3 2026.
  • Cotes forecasts 2026 revenue of about EUR 31.5 million, with EBITDA of about EUR 6.5 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Carel Industries S.p.A. published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 2092-28-2026_TELEBORSA.pdf), on July 10, 2026, and is solely responsible for the information contained therein.