# Stiebel Eltron to acquire majority stake in Zimmermann Lüftungs- und Wärmesysteme

Stiebel Eltron agreed to acquire a majority shareholding in Zimmermann Lüftungs- und Wärmesysteme, a Freudenberg, Germany maker of heating and heat-recovery systems under the Proxon and Atarus brands.

- Type: Acquisition
- Announced: 2020-10-05
- Where: Freudenberg, Germany, Germany
- Status: announced
- Products: heat recovery ventilation systems, air-air heat pumps, heating systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Stiebel Eltron](https://endata.com/companies/3162.md) (acquirer)
- [Zimmermann Lüftungs- und Wärmesysteme](https://endata.com/companies/7088.md) (target)

## Sources

- [buse.de](https://buse.de/en/news/buse-advises-stiebel-eltron-on-the-acquisition-of-a-majority-shareholding-in-zimmermann-lueftungs-und-waermesysteme-gmbh-co-kg/), 2020-10-05: "Through its investment STIEBEL ELTRON will thus participate in a further market segment in the future."

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