KKR and Viessmann to acquire Encavis for $3bn.

KKR, a global investment firm, and Viessmann, a manufacturer of heating and refrigeration systems, agreed to acquire Encavis, a producer of electricity from renewable energy sources, for $3bn. "Unlocking the full potential of renewable energy requires expertise as well as substantial long-term capital. We are pleased that KKR's strategic investment will provide Encavis with the necessary long-term financial resources at a pivotal time for the Company and position it to seize emerging opportunities and solidify its strength in the clean energy landscape. Furthermore, it also contributes to fostering a more energy-independent Europe," Vincent Policard, KKR Partner and Co-Head of European Infrastructure.