M&A Deal Summary

Viessmann Werke & Co. KG Acquires Gritec

On October 30, 2024, Viessmann Werke & Co. KG acquired construction company Gritec from capiton

Acquisition Highlights
  • This is Viessmann Werke & Co. KG’s 1st transaction in the Construction sector.
  • This is Viessmann Werke & Co. KG’s 1st transaction in Germany.

M&A Deal Summary

Date 2024-10-30
Target Gritec
Sector Construction
Buyer(s) Viessmann Werke & Co. KG
Sellers(s) capiton
Deal Type Add-on Acquisition

Target

Gritec

Waghausel, Germany
Gritec is a manufacturer of technical buildings such as compact stations, transformer stations, modules, shaft constructions, switching stations. Gritec was founded in 1963 and is based in Waghausel, Germany.

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Buyer(S) 1

Buyer

Viessmann Werke & Co. KG

Allendorf, Germany

Category Company
Founded 1917
Sector Machinery
DESCRIPTION

The Viessmann Group is one of the international manufacturers of heating, cooling and climate control technology.


DEAL STATS #
Overall 3 of 4
Sector: Construction M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 4
Country: Germany M&A 1 of 2
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-01 Hexis AG

Winterthur, Switzerland

Hexis Ltd. is a designer and developer of fuel cell heating systems for stationary applications with less than 10 kW electrical power. In cooperation with international partners, Hexis designs and produces fuel-cell-based mKWK modules in Winterthur and Constance for single-family homes, multiple-family apartment buildings, and, soon, for commercial buildings. Hexis was formed in 1997 and is based in Winterthur, Switzerland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-25 Isoplus

Rosenheim, Germany

Isoplus is a provider of pre-insulated pipes, mainly for district heating and district cooling applications. Isoplus is based in Rosenheim, Germany.

Buy -

Seller(S) 1

SELLER

capiton

Berlin, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 1.8B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

capiton AG is a private equity firm that targets management-led buyouts and growth capital financings of small and medium-sized businesses in Germany, Austria, and Switzerland. Broad sectors of interest include capital goods, consumer goods, services, and healthcare. capiton AG looks to invest with a turnover of between €50 and €300 million and usually invest between €20 and €60 million. The Firm generally looks for control positions when considering opportunities. capiton AG was established in 1999 and is based in Berlin, Germany.


DEAL STATS #
Overall 22 of 23
Sector: Construction M&A 1 of 1
Type: Add-on Acquisition M&A Deals 8 of 9
Country: Germany M&A 19 of 20
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-11 MAGIX

Berlin, Germany

MAGIX is a global developer and provider of software for the editing of video and music content as well as photographs. MAGIX was founded in 1993 and is headquartered in Berlin, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-24 KM Packaging

Ubstadt-Weiher, Germany

KM Packaging is a globally operating manufacturer of caps and closure solutions. The Group designs and produces high-quality innovative products and is active in various end-segments including cosmetics, pharma (cleanroom products), and food. KM Packaging was founded in 2008 and is based in Ubstadt-Weiher, Germany.

Sell -