# Viessmann acquires Polish water heater manufacturer Kospel

Viessmann Group has acquired Kospel, a Polish manufacturer of electric water heaters and boilers, for an undisclosed amount. The acquisition aims to strengthen Viessmann's product portfolio in electrical systems and expand its access to Central and Eastern Europe.

- Type: Acquisition
- Announced: 2019-11-01
- Where: Koszalin, Poland
- Status: announced
- Products: instantaneous water heaters, electric water heaters, electric boilers, hot water storage tanks
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Viessmann Group](https://endata.com/companies/7887.md) (acquirer)
- [Kospel](https://endata.com/companies/43489.md) (target)

## Sources

- [heatingandventilating.net](https://www.heatingandventilating.net/viessmann-acquires-kospel), 2019-11-25: "Viessmann continues to invest strategically in the electrical sector, because the importance of electricity in the areas of heating and hot water generation will increase strongly in the future."
- [pandionpartners.it](https://www.pandionpartners.it/en/news/news/39460-9570-98715/viessmann-group-has-acquired-100-of-kospel-s-a.aspx?view=1), 2019-11-25: "Viessmann Group has acquired 100% of Kospel S.A."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.