Viessman completed the acquisition of a majority stake in GRITEC from Capiton AG.

Viessmann, a global, broadly diversified group, completed the acquisition of a majority stake in GRITEC, a full-service provider of system-relevant infrastructure solutions, from Capiton, an independent private equity fund. Financial terms were not disclosed. “GRITEC plays a pivotal role in building a comprehensive, smart and sustainable energy infrastructure and we are committed to helping them reach their full potential. To achieve the important European climate goals, we support innovative companies that develop scalable solutions to mitigate and reduce CO2 emissions. Together with GRITEC and our ecosystem of mid-sized market leaders, we are taking responsibility to co-create living spaces for generations to come," Max Viessmann, Viessmann Generations Group CEO.