SSW Pragmatic Solutions has advised the owner of Kospel S.A. on the sale of a 100% stake in the company to the Viessmann Group. DLA Piper advised the Viessmann Group on the deal.
Kospel, which was established in 1990, manufactures electric heaters, instantaneous water heaters, and hot water storage tanks. The company employs more than 500 people at four locations across Poland.
The Viessmann Group manufactures heating, industrial, and refrigeration systems. The company will support and finance a further dynamic development of Kospel S.A. According to SSW, ''the acquisition will allow Viessman to expand its operations in the CEE region."
SSW’s team consisted of Partner Sebastian Ponikowski and Associate Marta Szymczyk.
DLA Piper's Warsaw team included Partner Marta Frackowiak and Senior Associate Mateusz Zalenski.