The Vaillant Group has acquired Cogenon to enhance its portfolio in decentralized cogeneration systems, solidifying its position in the competitive HVAC market while driving innovation in energy-efficient technologies.

Information on the Target

The Vaillant Group, headquartered in Remscheid, Germany, is a leading specialist in heating, ventilation, and air conditioning (HVAC) technologies. In the first quarter of 2012, the company reported a revenue increase of approximately five percent, reaching €563 million, compared to the same period in the previous year. Additionally, operating profit (EBIT) improved by 24%, reflecting the positive momentum the company experienced. Dr. Carsten Voigtländer, CEO of the Vaillant Group, cited the strong demand for efficiency technologies, which include highly efficient condensing technology, solar thermal collectors, heat pumps, and decentralized cogeneration (CHP) systems, as key contributors to their success.

Vaillant Group's strategic focus on profitable business segments has paid off, particularly with its investment in decentralized cogeneration systems. The acquisition of Hamburg-based Cogenon in early May significantly enhances their portfolio, enabling them to offer advanced environmentally friendly systems for simultaneous electricity and heat production in larger properties. This acquisition exemplifies their commitment to innovation and maintaining market leadership in energy-efficient solutions.

Industry Overview in Germany

The HVAC industry in Germany is characterized by a strong emphasis on energy efficiency and renewable energy technologies. Over the past few years, the market has seen an increased demand for systems that reduce energy consumption and have a lower en