Viessmann has agreed to acquire IAC Vestcold.

Viessmann, heating, industrial, and refrigeration systems manufacturer has agreed to acquire IAC Vestcold, a well-established refrigeration installation, air-conditioning and ventilation technology provider. Financial terms were not disclosed. "We are delighted that our long-term cooperation has resulted in joining our skills and competencies in commercial refrigeration for the benefit of our customers. Together we will be able to offer even more comprehensive turnkey solutions for their needs and develop our product and service offering further. This acquisition is a continuation of our strategy in becoming a full refrigeration solutions provider in sustainable refrigeration for the benefit of the future generations” Frank Winters, Viessmann, Refrigeration Solution CEO.