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HVACR manufacturer’s latest acquisition will see it acquire the management and operations of a UK company specialising in supporting low carbon heat and insulation services

Viessmann has announced a multi-million-pound management buyout of Pacifica Group’s home services division to expand its footing in the UK heat pump market.

Germany-based Viessmann, which is a major supplier of heat pump systems to mainland European markets, said the acquisition would expand its capabilities for providing renewable-powered heat and services across the UK.

The sale will see the company acquiring Pacifica Home Services (PHS) and its management team. THe operations have been purchased from the Pacifica Group, which will remain a separate company owned by private equity group Synova.

PHS is involved in installing and maintaining heat services, as well as supplying insulation services to housebuilders, housing associations and utilities companies in the UK.

Viessman is expected to use its expertise in producing HVACR solutions for a range of different industries to bolster PHS’ operations and expand its role in the offering new digital technologies for managing thermal comfort in properties.

It will also obtain Pacifica’s Oakes Energy Services business that provides dedicated renewable energy solutions including air and ground source heating, as well as solar PV systems for use in domestic and commercial properties.

PHS and Oakes Energy Services employees will transfer with the business as part of Viessman’s purchase.

Phil Pallister, who will lead PHS as its chief executive officer, welcomed the deal as a means of expanding its presence for low carbon solutions.

He said, “PHS has become one of the UK’s largest providers of home heating, insulation and renewable energy systems and we are looking forward to working with Viessmann to further expand our market position and help it strengthen its green energy solutions activity.”

Viessmann Investment managing director Timo Tauber added, “With the acquisition of PHS, we are strengthening our services and sales activities within the UK for the long term.  Even more importantly, we are positioning ourselves sustainably in the strongly-growing British heat pump market.”

Viessman added that it has made 22 international acquisitions in markets ranging from South Africa and Australia to The Netherlands.

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