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Family HoldingPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 19 SOURCES

Viessmann Generations Group

Also known as Viessmann Generations Group GmbH & Co. KG, VGG, Viessmann Group, Vito Ventures

Viessmann family investment group (Battenberg/Eder): majority platforms (GRITEC, isoplus, KPS Global), minority stakes (Carrier, Encavis, schülke, AMCS) and Vito Ventures.

USEFUL FOR Fund managers raising capital · Founders · Business owners seeking a long-term partner · Co-investors

The Viessmann family's investment group after the 2023/24 combination of Viessmann Climate Solutions with Carrier Global. Not Viessmann Climate Solutions (now part of Carrier), which licenses the Viessmann brand. Vito Ventures, its deep-tech early-stage vehicle, is folded into this record (vito.vc redirects to the group site).

Family & background

FAMILY
Viessmann
WEALTH ORIGIN
Viessmann heating and climate business (founded 1917 in Hof), combined with Carrier Global in 2023/24
HEADQUARTERS
Battenberg (Eder), Germany
FOUNDED
1917
OUTSIDE CAPITAL
No — own capital only

Investment approach

SECTORS
Climate & EnergyIndustrial & ManufacturingHealthTechSoftware & SaaSDeep TechSpaceFood & AgricultureReal Estate & PropTech
GEOGRAPHY
EuropeNorth America
STAGES
SeedSeries AGrowthBuyout
ROUTES
Companies (own capital) · Funds (as LP)
STRATEGIES
Private equityDirect investmentsVenture capitalReal estateImpact
LATEST DEAL
Venios (Minority stake) · Sep 2026
INBOUND
Accepts submissions

Overview

Viessmann Generations Group is the investment group of the Viessmann family, whose heating business dates back to Johann Viessmann's 1917 workshop in Hof. After Viessmann Climate Solutions was combined with Carrier Global in 2023, CEO Max Viessmann, the fourth generation, launched the Viessmann Generations Group in 2024; it remains one of Carrier's largest private shareholders. It invests through majority platforms (grid infrastructure, district heating pipes and stations, clean and cold room solutions in the US and EU), minority stakes alongside partners such as KKR, EQT, Armira and ATHOS, generational assets (real estate, forestry, agriculture and the Munich asset manager FGTC Investment), early-stage investing through Vito Ventures, and philanthropy through the Viessmann Foundation. Its thematic fields include greenhouse gases, air and water quality, food, health and well-being, education and democratic values.

Investment thesis

Invests flexibly in majority stakes, minority positions, generational assets, early-stage innovation and ecosystem partnerships aligned with its purpose of 'co-creating living spheres for generations to come', prioritising long-term value; early stage it currently looks at planning and automation, battery storage, data centers, cybersecurity, CO₂ management and new materials with a link to its portfolio.

Holdings & investments (21)

INVESTMENT ARMS & VEHICLES

  • Vito Ventures
    Has anchored the group's deep-tech early-stage strategy over the past decade (space technology, quantum computing)
  • FGTC Investment
    Munich-based asset manager focused on long-term liquid strategies and real-asset investments in agriculture in Europe and South America (acquired 2024 as Do Investment)
  • Viessmann Foundation gGmbH
    Philanthropic arm of the group, founded 2020

HOLDINGS & INVESTMENTS · MOST RECENT FIRST

People

  • Boris Šćukanec Hopinski
    Chief Investment and Operating Officer · source
  • Max Viessmann
    Chief Executive Officer and President (fourth generation of the founding family) · source
  • Desiree Castell
    Chief People Officer · source
  • Rolf Wetzel
    Chief Financial Officer · source
  • Prof. Dr. Martin Viessmann
    Non-Executive Member of the Board of Directors · source
  • Prof. Dr. Thomas Rödder
    Deputy Chairman, Board of Directors · source
  • Frauke von Polier
    Member of the Board of Directors · source
  • Madeleine Jahr
    Member of the Board of Directors · source
  • Dr. Albert Christmann
    Member of the Board of Directors · source
  • Dr.-Ing. E.h. Peter Leibinger
    Member of the Board of Directors · source
  • Marcus Brennecke
    Member of the Board of Directors · source
  • Achim Berg
    Operating Partner and Senior Advisor (since January 2024) · source

Frequently asked questions

Viessmann Generations Group is a family holding based in Battenberg (Eder), Germany, founded in 1917.

Viessmann Generations Group invests on behalf of the Viessmann family (Viessmann heating and climate business (founded 1917 in Hof), combined with Carrier Global in 2023/24).

Viessmann Generations Group invests its own capital into companies and in third-party funds as an LP. Its stated asset mix includes private equity, direct investments, venture capital, real estate and impact.

Viessmann Generations Group invests at Seed, Series A, Growth and Buyout stages in Climate & Energy, Industrial & Manufacturing, HealthTech, Software & SaaS, Deep Tech, Space, Food & Agriculture and Real Estate & PropTech.

Key people at Viessmann Generations Group include Max Viessmann (Chief Executive Officer and President (fourth generation of the founding family)), Boris Šćukanec Hopinski (Chief Investment and Operating Officer), Desiree Castell (Chief People Officer) and Rolf Wetzel (Chief Financial Officer).

Viessmann Generations Group's holdings and investments include GRITEC, Carrier Global (minority), Isar Aerospace (via Vito Ventures), IQM (via Vito Ventures), ISOPLUS Group, aqotec, ETX and Pewo, among others.

The most recent publicly reported investment by Viessmann Generations Group is Venios (Minority stake), announced in Sep 2026.

Viessmann Generations Group states that it accepts submissions through its official contact page.

No. Viessmann Generations Group invests its own capital and does not raise money from outside investors.