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Concept
Viessmann
Summary
The Viessmann Group is a German manufacturer of heating and refrigeration systems headquartered in Allendorf (Eder), Germany. With 22 production companies in 12 countries, distribution companies and representative offices in 74 countries and 120 sales offices throughout the world, Viessmann is international in its orientation. More than 54 percent of turnover is generated abroad. Since January 2022, the company is led by Martin Vießmann (Chairman of the Executive Board), Maximilian Viessmann (Group-CEO) and Ulrich Hüllmann (CFO). In April 2023, Viessmann announced that it would sell its heat pump division to its US competitor Carrier Global for €12 billion.
The company was founded in Hof an der Saale in 1917 by Johann Viessmann, and has been family owned for four generations. As of 2022, the company employs 14,500 people and reports annual sales of € 4 billion.
With 22 production companies in 12 countries and worldwide with sales companies, agencies and trade partners in 74 countries, Viessmann is internationally oriented. More than 54 percent of turnover is generated abroad.
Since January 2022, the Viessmann Group has been managed by two leaders. Maximilian Viessmann has assumed responsibility for whole group as CEO, while Ulrich Hüllmann fulfills the position of the CFO.
For the company's 100th anniversary in 2017, a new research and development center was inaugurated at the headquarters in Allendorf in the presence of German Chancellor Angela Merkel. With a volume of 50 million euros, the "Technikum" represents the largest single investment in the history of the company.
Viessmann is also active in the fields of investment, real estate and VC/O. Viessmann Investment develops growth potential and new markets through targeted acquisitions in medium-sized companies. Viessmann Real Estate deals with real estate, hotels and catering. VC/O is Viessmann's digital unit, which observes and shapes developments with regard to digitalisation and new business models. The VC/O includes, among others, the Maschinenraum in Berlin.
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