Viessmann invest EUR 1bn in heat pump & green solutions

The Viessmann Group announced that it will invest EUR 1bn in the next three years to extend its heat pump and green climate solutions portfolio. The investments are targeted to expand the family company’s manufacturing footprint and R&D labs, thereby also strengthening Europe’s geopolitical energy independence.

The latest business development of the Viessmann Group underlines the strong product-market-fit in its green climate solutions. The group’s total revenue in 2021 reached a new record high of EUR 3.4bn (previous year: EUR 2.8bn). The significant growth rate of +21% was especially driven by an increasing demand for premium heat pumps which jumped by +41%.

With the acquisition of Pacifica Home Services, Viessmann strengthened its presence in the United Kingdom. Additionally, the family company also extended its district heating activities in Poland, by acquiring Elektrotermex. Moreover, Viessmann joined forces with Priva in the Netherlands, entering the smart horticulture and building automation sector.

In addition to Viessmann’s plans to heavily invest in the expansion of its heat pump portfolio and green energy solutions, the company also remains fully committed to its industry-leading sustainability commitment.

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