Frankfurt: The Viessmann Generations Group ("Viessmann"), a purpose-driven family company with a heritage of 107 years, has entered into a definitive agreement to acquire the ISOPLUS Group ("ISOPLUS") from Egeria.
The investment underscores Viessmann's ongoing commitment to driving the energy transition, by strengthening the infrastructure to support decarbonisation in Europe. With the production of pre-insulated pipes for sustainable local and district heating distribution, ISOPLUS is supporting the decarbonisation of local and district heating supply and the necessary adjustments to the energy infrastructure to achieve the European climate targets.
Max Viessmann, CEO of the Viessmann Generations Group: “We are thrilled to welcome ISOPLUS to the Viessmann family and its network of dedicated, responsible entrepreneurs. By joining forces, we can rapidly advance sustainable infrastructure, paving the way to lower emissions and the integration ofrenewable energy in daily life. This partnership strengthens our commitment to building a resilient energy landscape, co-creating living spaces for generations to come.”
Roland Hirner, CEO of ISOPLUS: “Our employees’ great commitment and dedication have been instrumental in securing ISOPLUS’ European market leadership. With Viessmann on board, we will continue serving our loyal customer base and will take ISOPLUS to the next level.”
Oliver Frey, Chairman of ISOPLUS: "Recent years have been a great entrepreneurial cooperation with a very passionate ISOPLUS management team, which invested together with Egeria. It enabled them to grow the business internationally, also via recent acquisitions in Finland (Uponor District Energy) and France (Solice). With Viessmann, ISOPLUS has now found a long-term industrial home.”
Hannes Rumer, Managing Partner of Egeria Beteiligungen, Munich: “It has been such a privilege for Egeria to support ISOPLUS on their way to becomingmarket leader for district heating solutions in Europe. Viessmann is the perfect partner to take this great company to the next stage.”
The pre-insulated pipes from ISOPLUS serve to promote CO2-neutral heat generation, as they efficiently transport renewable energy and industrial waste heat to municipalities and industries. In this way, the company contributes to the decarbonisation of Europe's local and district heating infrastructure.
ISOPLUS' commitment to CO2-neutral heating solutions is in line with Viessmann's goal, ‘Shaping living spaces for future generations.’
About the transaction:
The transaction is still subject to approval by the relevant monopolies and mergers commission and investment control authorities.
About the Viessmann Generations Group:
Founded in 1917, the independent family company Viessmann is today a global, broadly diversified Group. All activities are based on the company’s purpose "We co-create living spaces for generations to come”. This is the passion and responsibility that the large worldwide Viessmann family brings to life every day. Viessmann forms an ecosystem of entrepreneurs and co-creators with a clear focus on CO2 avoidance, CO2 reduction and CO2 capturing.
About ISOPLUS:
The ISOPLUS Group, headquartered in Rosenheim, Bavaria, is the leading European manufacturer of pre-insulated pipe systems, primarily for local and district heating supply and has been supplying numerous customers with innovative and sustainable energy solutions for over 35 years. With around 1,600 employees and 10 certified production sites, the group of companies is represented in over 30 countries. ISOPLUS serves its broadly diversified customer base, consisting of local utilities, municipalities and contractors, through a direct sales model with a broad portfolio of products and services. For more information, please visit www.isoplus.group.
About Egeria:
Egeria is an independent pan-European investment company founded in 1997 and focuses its investments on medium-sized companies. Egeria invests in healthy companies with an enterprise value between EUR 50 million and EUR 350 million. Egeria believes in investing in great businesses together with entrepreneurial management teams (Boldly Building Together). Egeria’s Private equity portfolio comprises investments in 22 companies with a combined turnover of approx. EUR 3 billion and over 13,000 employees.
Contact for the press:
ISOPLUS
Selina Partelly
Marketing Specialist
isoplus GmbH
Happinger-Au-Str. 3
83026 Rosenheim, Germany
Phone: +49 8031650234
Email: selina.partelly@isoplus.group
Website: www.isoplus.group
Viessmann Generations Group
Byung-Hun Park
Vice President Corporate Communications
E-mail: huni@viessmann.com
Phone: +49151-64911317
Website: www.viessmann.family
Let us know if you have any questions.