How we work
Our ambition is to build the world’s leading purpose-driven family ecosystem, based on long-term investments, co-creation and a shared commitment to future generations.
We do this by growing and shaping our ecosystem across critical platforms and themes. Our approach combines capital, operational support, and entrepreneurial partnership, hereby unlocking positive change. Driven by shared values and uncompromising strive for excellence, we act decisively – prioritizing long-term value over short-term gains. Together we transform ambition into impact.


The Viessmann Way is our compass - shaped by over a century of responsibility, innovation, and purposeful growth. It guides how we act: with conviction, care, and a clear view towards future generations - explore The Viessmann Way.
The Viessmann Way

OUR ecosystem
Viessmann Generations Group redefines family enterprise – combining entrepreneurial ownership with the ambition to enable lasting impact. Driven by our purpose to co-create living spheres for generations to come, we invest flexibly in: majority stakes, minority positions, generational assets, early-stage innovation, ecosystem multipliers, and philanthropic initiatives.
Across all investments, we measure success not in short-term gains, but in enduring value for people and the planet.
Majority Investments
We back regional market leaders with strong local presence and diversified offerings - businesses built for long-term growth. We focus on the following majority platforms: Grid Infrastructure, District Heating & Cooling - Pipes, District Heating & Cooling - Stations & Controls, Clean & Cold - US and Clean & Cold - EU. These platforms are key enablers of the green energy transition, helping to build a more livable, sustainable planet through efficient, low-carbon systems. Partnering with shared values and operational expertise, we unlock their full potential.
Pewo
This German specialist designs modular heat transfer systems for district heating networks. Based in Elsterheide with 500 employees, Pewo delivers over 18,000 customized solutions annually - from residential complexes to multi-megawatt district heating systems across Europe.
ETX
Poland’s leading manufacturer of compact and large-scale heat transfer stations serves residential and commercial sectors nationwide with 150 specialists delivering tailored heating solutions.
Together, these companies demonstrate our systems-level approach - advancing decarbonization through localized, scalable heat infrastructure.

aqotec
The Austrian full-service provider (150 employees) implements regenerative heating solutions in 15+ countries through advanced technologies: heat transfer stations, freshwater modules, and intelligent control systems.

Viessmann Clean & Cold Solutions
From Viessmann's historic Hof headquarters, Viessmann Clean & Cold Solutions (VCCS) develop high-efficiency refrigeration and cold chain technologies that support climate goals while safeguarding food, pharmaceuticals, and other temperature-sensitive sectors.
The subsidiary Vitec (established 2003) delivers precision clean room solutions for healthcare, life sciences, e-mobility, and vertical farming - protecting both sensitive processes and personnel.
Through VCCS’ long-term investment approach, the company merges engineering expertise with sustainable innovation to create resilient cooling infrastructure. These solutions address a critical but frequently underestimated need: low-waste temperature control for climate-smart food security.

KPS Global
KPS Global is a US-based market leader in customized insulated panel systems and cold room solutions. Serving industries from food retail to pharmaceuticals, the company's energy-efficient technologies help reduce food waste and CO₂ emissions across sensitive sectors. With 850+ employees providing coast-to-coast coverage, KPS delivers rapid fulfillment for critical climate-controlled environments.
The company addresses a key climate opportunity: developing resilient, low-carbon cold chains for sectors where temperature control matters most.

Gritec
GRITEC is Germany’s leading turnkey provider of technical buildings and stations for energy and industrial infrastructure. With over 1,300 employees based in Waghäusel, Germany, the company has safeguarded Europe’s critical supply systems - including electricity, gas, water, renewables, e-mobility, and digital infrastructure-for more than 60 years.
Today, GRITEC is pivotal in enabling decentralized renewable grids, a cornerstone of Europe’s climate neutrality goal by 2045. As part of our greenhouse gas reduction strategy, GRITEC delivers intelligent, climate-resilient infrastructure to accelerate the transition to a low-carbon future.

Isoplus Group
ISOPLUS delivers high-performance pre-insulated piping systems that revolutionize heat distribution. With 1,500 employees across nine European sites, the company operates in 30+ countries, enabling renewable integration by connecting solar, biomass, wind, and waste heat sources to district heating networks.
As a key contributor to decarbonized heating infrastructure, ISOPLUS directly supports our greenhouse gas reduction goals. Its innovative technology exemplifies how specialized solutions within our ecosystem drive scalable energy transition while enhancing system-wide resilience.
Minority Investments
Through minority investments, we enter adjacent fields where global competition requires specialized expertise or where innovation thrives through collaboration. By partnering with trusted leaders, we access purpose-driven sectors while expanding our own capabilities - strengthening our ecosystem’s reach and depth.


Carrier
In 2023, Viessmann formed a strategic partnership by merging its Climate Solutions business with Carrier Global, a leading intelligent climate and energy solutions provider. Headquartered in Florida, USA, Carrier serves residential, commercial, and industrial markets with heating, cooling, refrigeration, and building automation technologies.
This milestone united two companies with shared expertise in HVAC and a joint commitment to advancing sustainable climate solutions. Together, their global team of 48,000 professionals accelerates the energy transition through scaled low-carbon technologies, delivering impact at both global and local levels.
As a natural extension of Viessmann’s legacy, Carrier now serves as a cornerstone of our ecosystem, creating a transatlantic leader in sustainable building technologies. Viessmann Generations Group is one of Carrier’s largest private shareholders, with Max Viessmann serving on Carrier’s Board of Directors.

Genaq
GENAQ, a Spanish innovator with 50 employees, produces advanced Atmospheric Water Generators that transform humidity into clean drinking water. The company delivers decentralized, sustainable water solutions for remote communities, disaster response, and urban infrastructure - reducing plastic dependence while strengthening climate resilience.
Aligned with our water investment strategy, GENAQ addresses global scarcity through regenerative off-grid systems that simultaneously advance public health and climate adaptation.

PharOS
Headquartered in Metamorfosi with >350 employees, PharOS is a Greek pharmaceutical leader producing 100+ generic and specialty medicines across oncology, neurology, and cardiometabolic therapies. With >9,200+ global marketing authorizations, the company delivers wide-reaching therapeutic solutions.
As a resilience backbone of our portfolio, PharOS advances our health and well-being focus through scalable innovations that broaden medicine access while strengthening health system foundations worldwide.

Schülke
Headquartered in Norderstedt with 1,200 employees, Schülke & Mayr is Germany's trusted leader in sustainable infection control solutions. For over 135 years, the company has protected hospitals, pharmacies, healthcare facilities, and life science institutions through innovative hygiene technologies.
As a cornerstone of health system resilience, our solutions safeguard communities by preventing infections and maintaining critical public health standards.
Landefeld
Landefeld, headquartered in Kassel since 1979 with 300 employees, is a German industrial distributor supplying 300,000+ pneumatics, hydraulics, and automation components to industrial clients with rapid delivery. As a key player in our services investments, it strengthens critical supply chains and operational efficiency.
Landefeld’s role in automation and industrial continuity underscores how specialized service providers bolster resilient economies and systemic stability.

amcs
AMCS is an Ireland-based global leader in sustainability software, employing 1,300 professionals who serve 3,800+ clients across 80 countries. The company's cloud-based platform helps businesses optimize recycling operations, logistics networks, and emissions tracking.
AMCS's software enables resource-intensive industries to boost both sustainability and profitability, hereby demonstrating how intelligent solutions can drive sector wide impact.

Encavis
Encavis, a leading renewable energy producer headquartered in Hamburg, Germany, operates a growing portfolio of solar and wind parks across Europe. With a team of >400 experts, the company partners with municipalities, businesses, and investors to accelerate the energy transition - delivering stable, sustainable power while driving decarbonization.
Renowned for its expertise in acquiring and operating renewable energy assets, Encavis strengthens Europe’s energy resilience and advances our shared ambition: catalyzing system-level change through transformative clean energy infrastructure.
Generational Investments
Through Generational Investments, we pursue long-term, cross-generational commitments in real estate, forestry, regenerative agriculture, and renewable energy. These assets directly advance our purpose: developing sustainable living spheres and delivering lasting impact by integrating ecological and social responsibility into global investment strategies.
Agriculture
We support regenerative agricultural practices that restore soil health, enhance biodiversity, and strengthen resilient food systems.
Forestry
We invest in sustainably managed forests that sequester carbon, protect natural habitats, and contribute to long-term ecological balance.
Real Estate
We develop and steward real estate projects that prioritize energy efficiency, community well-being, and the responsible use of resources.
FGTC Investment
FGTC Investment is a Munich-based asset manager focussed on long-term liquid investment strategies and, especially, real asset investments in agriculture in Europe and South America.
Formerly known as Do Investment, the name FGTC (“For Generations To Come”) Investment stands for a generational commitment to sustainable value creation.
Early-Stage Innovation
We believe that meaningful change starts early - alongside our strategic investments in established market players, we also back bold, early-stage ideas that align closely with our portfolio and purpose. When the ambition is high and the potential for true disruption is greatest, we engage early, collaborate closely, and build lasting partnerships.
VGG Portfolio
Since our beginnings, we have been drawn to early-stage innovation, backing bold ideas before they break through. This early proximity to founders and frontier technologies has shaped our DNA and laid a foundation of long-term, impact-driven innovation. Today, we are focused on sectors where innovation sparks deep, systemic change. We are currently especially intrigued by emerging ideas in planning and automation, battery storage, data centers, cybersecurity, and CO₂ management and new materials with a strong link to our existing portfolio.

Vito Ventures
Over the past decade, Vito Ventures has anchored our deep tech early-stage strategy, building an active presence in breakthrough technologies like space technology or quantum computing. This foundation continues to shape our ecosystem’s growth.
Notable portfolio pioneers include Isar Aerospace, a small-medium satellite launch service, and IQM, a global leader in building quantum computers.
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Ecosystem Multipliers
The power of our network transcends individual contributions. We form strategic partnerships to enhance our ecosystem and edge. By aligning with platforms driving systemic change, we fast-track transformation and create enduring value.

Maschinenraum
Maschinenraum is the innovation platform and Berlin Hub for Germany’s Mittelstand. This dynamic space connects established companies, startups, and innovators - serving as a workplace, learning center, and community to drive digital transformation and shape tomorrow’s industry.

Vision Mittelstand Partners
Vision Mittelstand Partners empowers Mittelstand companies through digital and automated transformation. By combining capital, sector expertise, and entrepreneurial vision, we help innovative businesses - particularly AI-driven firms - scale into national and global markets leaders.

Urban Partners
Urban Partners is a €21 billion Nordic investment platform dedicated to building sustainable, livable cities. Through its integrated strategies - real estate specialist NREP, venture capital firm 2150, and credit expert Velo Capital - it deploys innovative capital to tackle urbanization’s toughest challenges. By bridging real estate, technology, and finance, Urban Partners drives systemic change across the built environment.
Philanthropy
Viessmann Generations Group blends entrepreneurship with philanthropic commitments.
Through the Viessmann Foundation and family-led initiatives, we invest in climate action, health and education & poverty alleviation - strengthening the pillars of a livable future.
Every initiative reflects our enduring mission: to empower generations, advance human potential, and safeguard our planet.

Viessmann Foundation GgmbH
Founded in 2020, the Viessmann Foundation gGmbH is the philanthropic arm of the Viessmann Generations Group, united by a shared purpose: co-creating living spheres for generations to come. Rooted in family values, the Foundation acts where market solutions fall short - deploying catalytic capital to complement the Group’s investments and drive systemic change toward resilient, equitable communities.

Dr. Hans Vießmann Stiftung
The foundation is dedicated to the promotion of culture, in particular the preservation of historical monuments, as well as to education and science. Additionally, it pursues social objectives, especially in the areas of child, youth, and elderly welfare. Its activities are primarily focused on the city and region of Hof.

Hans Viessmann Technologie Stiftung
The foundation serves the promotion of culture, particularly the preservation of monuments, as well as education and science. In addition, it pursues social purposes, especially in the fields of child, youth, and elderly care. The local scope of the foundation is primarily limited to the city and the region of Hof.
Viessmann Stiftung Battenberg
The Viessmann Stiftung Battenberg supports projects in science, education, healthcare, culture, heritage, nature conservation, and social welfare, primarily in the Battenberg region.
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