Viessmann Acquires German Insulated Pipe Manufacturer Isoplus
The acquisition aligns with Viessmann's strategy to drive sustainable energy solutions after selling its heating business last year.
- Viessmann has purchased Isoplus, a Bavarian company specializing in pre-insulated pipe systems, to expand its focus on sustainable energy infrastructure.
- The acquisition supports Viessmann's goal of reducing CO2 emissions and integrating renewable energy into daily life.
- Isoplus, previously owned by investment firm Egeria, employs over 1,500 people across ten production sites in Europe.
- The deal's value is reportedly in the hundreds of millions of euros, though the exact figure has not been disclosed and awaits regulatory approval.
- Viessmann continues to reinvest proceeds from its €12 billion sale of its heating and heat pump division to Carrier, aiming to build a diversified conglomerate focused on climate solutions.