The polish company - ETX and global climate solutions provider - Viessmann announced their strategic partnership in the field of local and district heating solutions in Poland. Subject to the approval of the anti-trust authorities, the family-owned company - Viessmann acquires the majority of shares in ETX.
The cooperation aims to expand the strong market position of ETX in Poland and to become the top provider in the field of heat transfer stations for single- and multi-family homes, as well as commercial applications in district heating networks.
Expanding in district heating
As a manufacturer with 130 employees at its headquarters in Ostroleka, ETX has so far been very active in the whole Polish market. The city has a population of just over 50,000 and is located around 130 kilometers northeast of Warsaw.
For Viessmann, which is headquartered in Germany, the partnership will result in better market access in Poland, especially for the district heating network sector. Both sides have agreed not to disclose the purchase price.
partnership with climate solutions manufacturer
We are pleased to partner with ETX, which already has access in the field of local and district heating of Poland"
"We are very pleased to have found a well-positioned partner in ETX, which already has strong market access in the fast-growing field of local and district heating of Poland," said Timo Tauber, Managing Director at Viessmann Investment, explaining the decision.
Janusz Mielnicki, CEO of the family-owned ETX company, said "We are very happy about our strategic partnership with one of the world's largest manufacturers of climate solutions."
compact heat transfer solutions
Janusz Mielnicki adds, "With the power of Viessmann behind us, we can grow even faster in the domestic market and have the opportunity to serve a larger part of the Polish market in the future."
As a manufacturer, ETX has compact heat transfer stations for single-family homes and also large heat transfer stations in its portfolio, for example for use in commercial buildings.