Viessmann takes minority share in Priva Group

German heating products manufacturer Viessmann has taken a minority interest in Priva Group, a Netherlands-based climate and process control technology company operating in horticulture, indoor and city farming, and utility buildings such as offices, retail, hotels and hospitals.

The companies will explore opportunities for global synergies around combined tech-driven solutions that predictively adapt climate and energy to users’ needs. Customers will range from commercial building owners and operators to smart districts and cities.

Priva, with its headquarters (pictured) in De Lier, believes the partnership will allow it to accelerate its innovative technology agenda and international growth, while remaining an independent family business. Viessmann says it will benefit by developing its climate solutions for commercial buildings and explore horticultural environment business opportunities.

Both companies believe that partnerships, networks and smart ecosystems are crucial in providing the range and breadth of solutions needed to address the important issues of global warming, energy transition and food security in the world.

Meiny Prins, CEO of Priva: “Joining forces with Viessmann is an important next step towards fulfilling our ambition. It makes us both stronger while it maintains our independence and company values. This is an unprecedented opportunity for creating a climate for growth together.”

Maximilian Viessmann, Co-CEO of Viessmann: “Our purpose is to create living spaces for generations to come: sustainable, CO2-free and clean environments for living, working and recreation. Our partnership with Priva will enable both companies to substantially expand the breadth and variety of solutions we can offer and the customers that we serve. It is a big privilege to drive digital and climate-centric solutions forward as two like-minded, strong and tech-driven family businesses.”