Copeland is set to acquire Sustainable Process Heat (SPH), a German-based industrial heat pump technology company.
This acquisition is expected to expand Copeland’s industrial heating portfolio, allowing the company to deliver a broader range of key heat pump technologies and solutions to new and existing customers.
Copeland’s industrial business operates under the brand name Vilter. SPH will continue to operate independently until closing.
This acquisition reinforces Copeland’s commitment to enabling the energy transition, in this case, through innovative technologies that enable industrial customers to replace fossil-fuel systems with more energy-efficient heating alternatives.
SPH brings a strong technology portfolio, including its innovative ThermBooster technology, and demonstrated capability in delivering solutions to a broad range of industrial end-markets.
Headquartered in Overath, Germany, SPH helps customers with sustainable, heat-pump-based steam solutions that meet a wide range of temperature, capacity and refrigerant needs.
SPH specialises in designing, manufacturing and servicing heat pumps for industrial steam applications for temperatures up to 180 degrees Celsius, with solutions that can utilise a wide range of natural and low global warming potential refrigerants.
This transaction is expected to expand Copeland’s Vilter industrial heating portfolio by serving process segments that demand higher-temperature steam.
It will also expand the range of supported refrigerants, enabling optimized performance and efficiency, as well as cost-effective ownership and the potential to reduce emissions for industrial customers, depending on system growth design and operating conditions.
Copeland CEO, Ross B. Shuster, said the addition of SPH’s team and its differentiated technologies will enable the company to serve a broader range of customers and applications.
“This broader portfolio positions Copeland well to expand our rapidly growing industrial business by helping address the world’s increasing demand for sustainable heating solutions,” he said.
SPH founders, Andreas Muck, Tim Hamacher and Tor Hodne, said in a statement:
“By combining our high-temperature heat pump technology with Copeland’s expansive reach and expertise, we can help a broader range of industrial customers accelerate their transition to cleaner, more energy-efficient heating. Together, we’re committed to advancing global sustainability and empowering industries to meet ambitious electrification goals.”
The transaction is expected to close by the end of 2025.