Viessmann Generations Group, a purpose-driven family-owned investment company with a heritage of 107 years, has acquired US-based KPS Global, a provider of custom enclosures for controlled environments.
KPS Global has an extensive value chain coverage across design, engineering, installation, and after-market services. Since its creation by D Cubed Group in 2015, it has been a clear leader throughout the food retail end market and
expanded significantly into the scientific and cold storage markets.
The investment is a strategic expansion step into the North American market for the Group’s Clean and Cold platform
The investment is a strategic expansion step into the North American market for the Group’s Clean and Cold platform, which is a solution that creates safe environments for goods and processes.
CEO of Viessmann, Max Viessmann, said: "KPS Global and Viessmann are a perfect match. The KPS Global business directly contributes to our vision to reduce CO2 emissions and improve the quality of life for the world’s growing population.
"Our strong European footprint in Clean and Cold offers opportunities to leverage each other’s knowledge and expertise. KPS Global is a strong addition to our ecosystem. We look forward to expanding our Clean and Cold North America platform together with the experienced and proven KPS Global management team to grow within and beyond its core markets and drive value creation organically and inorganically, in line with our purpose of co-creating living spaces for generations to come."
Top image: KPS Fort Worth