20 January 2022
Viessmann Group has taken a majority stake in UK installation and maintenance specialist Pacifica Home Services (PHS). The deal includes the acquisition of Oakes Energy Services, which will be integral to the development of the new business.
PHS, based in Durham, is well known to end-users within the UK under the brand 0800 Repair. It is a specialist in both installation and maintenance of integrated HVAC solutions with a further specialisation in heat pumps. PHS employs approximately 240 people and Viessmann says the management team will stay on board and remain invested for the long term.
Timo Tauber, managing director, Viessmann Investment, said: “With the acquisition of PHS, we are strengthening our services and sales activities within the UK for the long term. Even more importantly, we are positioning ourselves sustainably in the strongly-growing British heat pump market.”
Phil Pallister, chief executive officer, PHS, said: "With Viessmann's high-efficiency heat pumps and integrated technology solutions in our portfolio, we can further accelerate our leading position in the UK market and thus make an even more sustainable contribution to achieving climate targets.''