Viessmann Group to invest €1 billion in heat pumps and green solutions

The Viessmann Group has announced that it will invest €1 billion in the next three years to extend its heat pump and green climate solutions portfolio.

The investments are targeted to expand the company’s manufacturing footprint and R&D labs, thereby also strengthening Europe’s geopolitical energy independence.

Prof. Dr. Martin Viessmann, Chairman of the Board of Directors of Viessmann Group said: “For more than 105 years, our company has been a family for positive change with a clear focus on energy efficiency and the development of new technologies such as the first heat pump generation in 1979. Our historic investment decision comes at a time where we build the right foundation for the next 105 years – for us and, even more important, for generations to come.”

Max Viessmann, CEO of Viessmann Group added: “Unprecedented geopolitical developments need unprecedented replies. We all need more speed and pragmatism in order to fight climate change and to re-think energy generation and use of tomorrow, in order to strengthen Europe’s geopolitical independence. Consequently, we are now accelerating our growth with dedicated investments in heat pumps and green climate solutions. At Viessmann, all 13,000 family members are relentlessly committed to co-creating living spaces for generations to come.”

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