Teseos Group has acquired Grethen S.à r.l., a specialist in HVAC solutions, to expand its presence in the sustainable energy market in Luxembourg.
Information on the Target
Grethen S.à r.l., founded in 1945, is a reputable company specializing in the installation and maintenance of heating, ventilation, and sanitary systems. With a workforce of 41 employees and reported sales of €4.6 million as of October 2022, Grethen has established itself as a significant player in the residential sector. The company's service offerings include the installation of boilers and heat pumps, bathroom fittings, and maintenance contracts, allowing it to maintain a strong operational presence in Luxembourg.
The company has seen a surge in demand for heat pump sales as the market pivots towards sustainable energy solutions. Grethen's strong brand presence and commitment to quality service positions it well for future growth, particularly in the context of increasing public and governmental focus on sustainability.
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Industry Overview in Luxembourg
The HVAC industry in Luxembourg is witnessing a robust transformation, driven by both regulatory requirements and consumer preferences shifting towards energy efficiency and sustainable solutions. The Luxembourg government has set ambitious targets for reducing
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Teseos Group
invested in
Grethen S.à r.l.
in 2022
in a Other deal
Disclosed details
Revenue: $5M