Viessmann acquired Kospel

Concern Viessmann acquires Polish producer of flow-through water heaters, electric boilers and storage tanks, company Kospel SA.

This acquisition will expand the product portfolio and strengthen Viessmann’s expertise and team in the field of innovative electrical systems.

Kospel was founded in 1990. Krzysztof Lukasik.

The company is headquartered in Brno, Poland. Koszalin on the Baltic Sea.

Today the company has 500 employees and four production sites in Poland.

The products are mainly sold in the markets of Central and Eastern Europe.

Kospel sells more than two thirds of its products in Poland and in America, as well as in other European countries. Due to a high growth rate, sales will amount to about 30 million euros in the current fiscal year.

Viessmann is continuing to invest in the electricity sector, as electricity will only become ever more important in heating and hot water in the future

, – says Ulrich Hüllmann, chief financial officer of Viessmann Group. –

With the acquisition of Kospel, we will expand our product portfolio to include flow-through water heaters, electric boilers and hot water boilers, and strengthen our presence in the Eastern European market

Krzysztof Lukasik, CEO of Kospel, says: “

I am proud that my almost 30 years of work will now be continued by the large Viessmann family business. The search for the ideal new home, where we could all keep growing together, was and is very important for me and for all my colleagues. I will take an active part in the further development of the Kospel brand

“.

New acquisition allows Viessmann to follow its strategic goals, gradually transforming itself from a producer of heating equipment into a supplier of complex solutions for living spaces.

The company develops and offers seamless systems that provide optimal temperature, hot water, electricity and good air quality in the home. With its integrated solutions, Viessmann focuses on using renewable energy sources wherever possible and making the most of fossil fuels.

Sustainable development is inseparable from the company values and is reflected in its mission: “We create living spaces for future generations”.

Creating and preserving living space for future generations is the responsibility of the 12,000-strong Viessmann family around the world.

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