Viessmann acquires a stake in Pewo

Date: 20 January 2019
Viessmann acquires a stake in Pewo

The Viessmann Group acquires a stake in Pewo Energietechnik GmbH. The leading international manufacturer of energy systems acquires a stake in the owner-managed specialist for heat distribution systems as part of a strategic partnership.

Intelligent heat distribution in district and local heating networks, such as in urban residential districts, plays a central role in the success of the energy transition. According to Max Viessmann, CEO of the Viessmann Group, the aim is to develop energy-efficient solutions for the global trend towards urbanization and in order to significantly reduce CO2 emissions from heat generation. "Together with Pewo, we can make a strong contribution and will significantly expand our strong commitment in this area. Our participation in the company, with which we have already had a long and proven relationship, underlines the core of our mission statement: We create living spaces for generations to come".

"Viessmann's strategic participation in our company gives us a family-run, globally positioned innovation leader in the field of heating and refrigeration as a partner. Together, we can offer integrated system solutions for heat generation and distribution from a single source. This puts us in an ideal position to address the issues of urbanization and climate change with innovative technology from our core market of Germany to an international level," emphasizes Robin Petrick, Managing Director of Pewo.

Find out more on our website about: refrigeration, CO2, Viessmann

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