Cotes A/S

Cotes A/S specializes in advanced dehumidification solutions, utilizing proprietary technology to efficiently manage moisture across various industrial applications, including battery manufacturing and food production. Cotes A/S provides innovative dehumidification solutions, primarily utilizing their proprietary Cotes Exergic Technology. The company is headquartered in Denmark. Founded by visionary leaders, Cotes has undergone strategic evolutions to enhance its operational framework.

Martin Brøchner-Mortensen and Thomas Roennow currently serve as CEOs. Cotes A/S raised funding in June 2011 from CAPNOVA, marking a pivotal moment in its growth journey. Cotes specializes in advanced dehumidification solutions, primarily focused on their proprietary Cotes Exergic Technology, which includes adsorption dehumidifiers designed to efficiently remove moisture from the air across various industrial applications. Their solutions are critical in environments requiring low humidity levels, such as battery dry rooms with stringent humidity controls.

Cotes caters to a global client base, with significant markets in Europe, North America, and Asia, providing reliable moisture control for various industries. Cotes operates primarily on a B2B model, generating revenue through direct sales of dehumidification equipment and service contracts for installation and maintenance. The company achieved an EBITDA of USD 1. 48 mn in the most recent year, showcasing its financial stability while offering tailored solutions to meet client needs across multiple sectors, particularly in energy-intensive operations like battery production.

Cotes A/S aims to expand its product offerings with new dehumidification systems scheduled for release in upcoming fiscal years. The company is also targeting geographic expansion into emerging markets in Asia and North America by 2025. The funding raised in June 2011 will support these initiatives by facilitating research and development, ensuring they remain at the forefront of dehumidification technology and addressing the evolving needs of their clients.