Deal Announcement Industrials - Kesselheld

IMAP Germany advises the shareholders of Kesselheld GmbH on sale to Italian Ariston Thermo Group. Italian Ariston Thermo Group (Ariston) has acquired the majority share in Kesselheld GmbH (Kesselheld), one of the leading digital start-ups in heating installations in Germany. 

With a well-known integrated online platform, which generates over 5 million visits annually, Kesselheld offers heating installation and maintenance services throughout Germany. Kesselheld digitized most of the customer interaction process, including for example, online heating configurations and virtual boiler room inspections. 

The company founders, Martin Teichmann and Sascha Camilli, will continue to hold a minority stake and remain as Managing Directors of the Company. 

Kesselheld will remain an independent player in the heating segment in Germany, continuing to provide customers with distinctive multi-brand heating installations through its digital channel. The company is headquartered in Dusseldorf, Germany and currently has around 80 employees. 

Ariston, headquartered in Fabriano, Italy, is one of the leading international companies in heating and heating technology. The company produces and sells condensing boilers, water heaters, burners, heat pumps and air conditioning systems. Ariston, with almost 8,000 employees worldwide, is active in 41 countries and in 2019, generated sales of over 1.7 billion euros. 

The IMAP Germany team, comprising Henning Graw, Alexander Grund and Sebastian Dinklage, advised the shareholders of Kesselheld exclusively during a structured M&A process and supported them in the negotiations and successful completion of the transaction.