Turnover: 3.8 billion EUR (2021)

Country: Germany

  • One of Europe's leading manufacturers of boilers and air conditioning and heating systems
  • Family-owned Viessmann with 13,000 employees in 74 countries
  • Develops and produces integrated climate and energy solutions for people and companies
  • 22 production subsidiaries in 22 countries
  • 68 distribution subsidiaries in 31 countries
  • 56% of sales outside Germany


Viesmann: "We need transatlantic partnerships more than ever" 22/05/2023

  • Group's core business (85% of sales) sold to Carrier
  • After the merger of the climate solution division with Carrier, the Viessmann Group will still generate sales of around one billion euros and employ almost 4,000 people
  • Viessmann becomes Carrier's largest individual shareholder with over 7% of the capital.
  • Agreement excludes all redundancies for three years and guarantees the maintenance of the main sites for at least five years.
  • Global competitors 200 to 300 times larger than Viessmann.
  • Energy-intensive German industry weakened by the energy crisis.
  • Competitive disadvantage between electricity prices for industry in France and Germany.

Viessmann sells its heat pump business to its main competitor 28/04/2023

  • Viessmann sells 85% of its "climate solutions" division to Carrier Global for 12 billion euros.
  • Viessmann generates sales of 4 billion euros.
  • The European heat pump market is expected to triple by 2027, from 5 to 15 billion euros.
  • The two companies combined will generate total sales of over $17 billion, with around 45,000 employees.
  • Carrier takes control of a network of 25,000 installers in 25 countries.
  • Berlin aims to install 500,000 heat pumps a year
  • 10,500 employees work in the Viessmann Climate Solutions division.

Viessmann acquired by Carrier 25/04/2023

  • Heat pumps account for 85% of Viessmann's sales.
  • Viessmann's valuation under the Carrier deal would be $13 billion, including debt.
  • In 2022, Carrier's sales were $20.4 billion, 60% of which were generated in the United States.
  • Viessmann achieved sales of 3.4 billion euros in 2021, 56% of which outside Germany.
  • The number of heat pumps (air-to-air) in the United States jumped by 40% between 2019 and 2022, with 4.3 million units delivered.
  • The Inflation Reduction Act (IRA) provides a tax credit to US households of up to $2,000, to cover 30% of the acquisition cost of heat pumps until the end of 2032.

Studies mentioning this company

> Besoin de plus d'information sur cette entreprise (SWOT, PESTEL, son marché) ? Demandez à SectorGPT (gratuit)


Ask Sector-GPT  

Sector-GPT est la première IA dédiée aux informations sectorielles.