Viessmann Generations Group has acquired GRITEC TopCo GmbH, a leader in turnkey infrastructure solutions, to enhance its commitment to the energy transition in Europe.

Information on the Target

The Viessmann Generations Group, a purpose-driven family company with over 107 years of heritage, has successfully acquired GRITEC TopCo GmbH, Germany's largest provider of turnkey technical buildings and stations for energy, water, and industrial infrastructure. GRITEC specializes in intelligent infrastructure and develops key components essential for transitioning to a decentralized and renewable energy grid. This acquisition represents a significant addition to Viessmann's portfolio, further advancing their commitment to the energy transition in Europe.

As a leader in grid infrastructure, GRITEC is poised to play a crucial role in facilitating the green energy transformation across Europe. The company delivers comprehensive solutions encompassing the development, manufacturing, and provision of ready-to-connect critical infrastructure for various sectors, including supply grids, e-mobility, telecommunications, railway systems, and industrial applications. These elements are vital to ensuring a stable and large-scale energy supply, especially given the challenges accompanying the shift to renewable energy sources.

Industry Overview in Germany

Germany is at the forefront of the renewable energy movement, with ambitious goals set to achieve climate neutrality by 2045. To meet this target, Germany must significantly increase the share of renewable energy in its energy mi