Oct. 30, 2013: Viessmann Acquires Commercial Refrigeration Company Norpe
Viessmann Seeks to Become a Full-Range HVACR Supplier
Norpe factories and headquarters are located in Porvoo, Finland. The company has subsidiaries in Finland, Sweden, Norway, Germany, Poland, and Estonia, a sales office in Latvia, and a representative office in Russia.
Viessmann said Norpe is a market leader in the Nordic countries and the Baltic states. The company has experienced growth in its core markets. It also actively operates in Central Europe, the Middle East, and Australia.
“We want to continue on our path to becoming a full-range supplier of cooling technology similar to our position in the heating sector,” said Dr Martin Viessmann, owner of the Viessmann Group. “To achieve this, in the next step, we concentrate on expanding our range of products for the food retail industry. We are confident that Norpe’s comprehensive and attractive product portfolio fits in well with our strategy.”
“We are excited and honored to become a part of the Viessmann Group. We have successfully been executing our company strategy over the past three years. The highly respected and strong new owner enables us to take the company to the next level. This transaction is also a great opportunity for Norpe personnel to belong to a world-class global company like the Viessmann Group,” said Matti Virtanen, Norpe CEO.
Already a full-range supplier of heating technology, the acquisition represents a significant step for Viessmann towards establishing a comprehensive product range in commercial refrigeration as well. By entering the cooling and refrigeration sector in 2012, the company said it is set to pursue additional market potential.
Viessmann is a global company with operations in the United States. For more information, visit www.viessmann.com.
Publication date: 10/28/2013