# Vaillant Group to invest up to €2 billion in heat pump business expansion

Vaillant Group will invest up to €2 billion between 2016 and 2030 to expand its heat pump business, mainly in production and development capacity and HVAC partner services. The announcement was made on 14 March 2023 at the ISH trade fair in Frankfurt.

- Type: Investment
- Announced: 2023-03-14
- Value: $2.17B (2.00B EUR)
- Status: announced
- Products: heat pumps
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Vaillant](https://endata.com/companies/10230.md) (investor)

## Sources

- [vaillant-group.com](https://www.vaillant-group.com/news-stories/vaillant-group-invests-up-to-%E2%82%AC2-billion-in-the-expansion-of-its-heat-pump-business.html), 2023-03-14: "Depending on future market developments, the company will invest up to €2 billion for this purpose between 2016 and 2030."

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