Viessmann Group acquires Finnish Norpe's entire share capital. German heating, cooling and climate control technology manufacturer announced the acquisition of Helsinki, 09.23.2013. A family business, Viessmann Group offers a new member with the opportunity to expand its market position in the long run, and grow into one of the leading companies that provide solutions to the cold in the grocery trade.
In 1953, Porvoo, established Norpe employs more than 450 people, and in 2012 had a turnover russian hat of more than EUR 130 million. Norpe factories and headquarters are located in Porvoo. The company has subsidiaries in Finland, Sweden, Norway, Germany, Poland and Estonia, as well as a sales office in Latvia russian hat and a representative office in Russia.
Norpe is the market leader in the Nordic and Baltic region. In addition, refrigeration equipment, the company has grown rapidly adding business in its core markets, which include Russia and Germany. The company russian hat is also active in Central Europe, the Middle East and Australia.
- Our goal is to grow in the cold for a comprehensive solutions provider in the same way as we have done in the heating sector. To achieve this goal we need to focus on expanding the grocery industry by providing our range of products. russian hat We are confident that Norpe comprehensive and interesting product is an excellent strategic, says Viessmann Group, owner of Dr. Martin Viessmann.
- We are excited and pleased when we came into the Viessmann Group. In the last three years, we have successfully implemented the strategy of the company and a strong and valued the new owner provides us with the opportunity to bring our company to the next level. Norpe staff will open up new opportunities for Viessmann employees, they are a true world-class Group, Norpe CEO Matti Virtanen says.
As the Viessmann is already extensive heating solutions, Norpe acquisition is a significant step that will allow the company to increase russian hat its offering a comprehensive range of refrigeration equipment solutions. Viessmann started the business in cooling and refrigeration sector in 2012. Since then, it has been cooling and heating functions into an addition on capitalizing on new market potential in countries where there is no heating the high demand due to weather conditions.
Founded in 1917 Viessmann Group employs 10 600 people and has an annual turnover of 1.89 billion. The company has production facilities in 11 countries, distributors, and sales representatives in 74 countries and 120 sales offices around the world.
Founded in 1953, Norpe net sales in 2012 amounted to more than EUR 130 million. MB Funds Norpe has been the majority owner since 2005. Norpe 450 employees, nearly 360 works in Finland. About 100 people work at companies in Finland, Sweden, Norway, Germany, Poland and Estonia, as well as sales offices in Latvia and Representation in Russia. The rest of the Norpea represents a comprehensive partner network.
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