Viessmann acquires stake in Australian Value Added Engineering Group
Eschborn — Rödl & Partner has advised the Viessmann Group on the acquisition of 34.3% of the shares in Value Added Engineering Group (VAE), an Australian design, installation and service company for heating, ventilation and air conditioning. The new partnership enables Viessmann to enter the growth market of Australasia. VAE, meanwhile, can rely on an international, strategic partner that has extensive expertise and innovative strength in the field of heating, ventilation and air-conditioning technology. In 2020, the family-owned company employed 12,300 people and generated group sales of 2.8 billion euros.
In the context of the share acquisition, the Viessmann Group was advised by Rödl & Partner on all economic issues.
The Viessmann Group is one of the world’s leading manufacturers of heating, industrial and cooling systems. In 2020, the family-owned company, founded in 1917, employed 12,300 people and generated group sales of 2.8 billion euros. About VAE Value Added Engineering Group was established in 1997 and today is one of Australia’s most advanced building services integrators. The privately owned company specializes in complete solutions for large projects such as airports, universities and hospitals. In the past decade of business, VAE has increased its revenue from one million Australian dollars to a projected $150 million (just under 100 million euros) in 2021. The company currently employs 330 people.
Advisor Viessmann Group: Rödl & Partner
Jochen Reis, Partner (Head of Transaction & Valuation Services), Eschborn, Overall Project Management — Financial Inga Heßdörfer, Senior Associate (Transaction & Valuation Services), Eschborn — Financial Alexander Wübbels, Associate, (Transaction & Valuation Services), Eschborn — Financial
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