Private Assets SE & Co. KGaA has acquired the Climate Ceiling Solutions division from Zehnder Group AG, enhancing its portfolio in the growing market for climate-efficient commercial building technologies.

Target Information

On July 2, 2024, Private Assets SE & Co. KGaA (Private Assets) successfully finalized its acquisition of the Climate Ceiling Solutions division from Zehnder Group AG. This acquisition includes both the German subsidiary, Zehnder Climate Ceiling Solutions GmbH, and the French subsidiary, Zehnder Climate Ceiling Solutions SAS, which focus on efficient climate control solutions for commercial spaces through climate ceilings. The operational facilities located in Lahr, Germany, and Evry, France, will remain intact following the transaction.

Sven Dübbers, CEO of Private Assets, expressed satisfaction with the acquisition, noting the high growth potential of climate-efficient solutions in commercial real estate, which aligns with current sustainability trends.

Industry Overview in Germany

The climate control industry in Germany is witnessing significant transformation as a response to growing environmental concerns and government regulations aimed at reducing carbon emissio