What does Viessmann's Expansion Mean for Renewables?
With humble roots stretching back to 1917, independent family business Viessmann is now, 107 years later, a global enterprise and world-leading manufacturer of high-efficiency heating and renewable energy systems.
Its operations, all centering around its purpose to co-create living spaces for generations to come, spurs it on to form an ecosystem of entrepreneurs and co-creators with a clear focus on CO₂ avoidance, reduction and capture.
Back to basics: An introduction to Viessmann
- Established: 1917
- Founder: Johann Viessmann
- HQ: Allendorf, Germany
- Employees: 14,500
- Revenue: €4bn (US$4.4bn)
With a presence in 74 countries and 22 production facilities, Viessmann focuses on sustainable technologies in the form of innovative heating and cooling systems.
Its commitment to sustainability and long-term growth is no secret, and is evident through its expanded Clean & Cold platform by acquiring KPS Global.
What is KPS Global?
KPS Global is an industry-leading manufacturer of insulated panel systems, with its products used for the likes of grocery stores and foodservice as well as warehouses, industrial enclosures and scientific chambers.
Viessmann’s acquisition of KPS Global represents a crucial step in the former’s efforts to expand its Clean & Cold platform — a strategic platform focused on developing sustainable and energy-efficient cooling and refrigeration solutions applied across industries including food, pharmaceuticals and wider healthcare.
This underpins Viessmann's long-term vision of reducing CO₂ emissions and improving quality of life for the world’s growing population.
By integrating KPS Global's expertise in energy-efficient solutions, Viessmann is poised to make significant strides in the renewables sector.
expansion step for the Group’s Clean & Cold platform into the North American market.
“KPS Global and Viessmann are a perfect match,” Max Viessmann, CEO of Viessmann says. “The KPS Global business directly contributes to our vision to reduce CO2 emissions and improve the quality of life for the world’s growing population.
“Our strong European footprint in Clean & Cold offers opportunities to leverage each other’s knowledge and expertise. KPS Global is a strong addition to our ecosystem.
“We look forward to expanding our Clean & Cold North America platform together with the experienced and proven KPS Global management team to grow within and beyond its core markets and drive value creation organically and inorganically, in line with our purpose of co-creating living spaces for generations to come.”
Viessmann and KPS Global: Forging a new path in renewables
Viessmann’s acquisition of KPS Global represents a strategic move when it comes to renewables. By combining both companies’ strengths, expertise and commitment to sustainability, the pair is well-positioned to drive innovation, expand market reach and accelerate the adoption of clean energy solutions.
The companies’ shared focus on sustainability is also expected to drive the development of more environmentally friendly products and solutions in the renewables sector. Stability and resources needed to continue innovating are also an added bonus and displays a long-term commitment.
KPS Global’s CEO Mike Eakins adds: “We are excited about this opportunity as we believe this relationship will allow us significant growth while maintaining our commitment to our customers, employees and vendors.”
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