Copeland, a global leader in sustainable climate and energy solutions, announced yesterday its agreement to acquire SPH Sustainable Process Heat GmbH. With this decision, Copeland intends to further expand its industrial heat pump portfolio and offer industrial customers an even broader range of technologies to support the transition to energy-efficient, fossil-free heating systems.

For SPH, signing the agreement marks an important milestone on the path to becoming part of a global leader in sustainable heating and cooling technologies. Our ThermBooster™ technology, experience, and know-how in developing and implementing industrial high-temperature heat pumps are a strong addition to Copeland’s existing portfolio of sustainable heating solutions – providing technologies that can significantly reduce energy consumption and emissions in industrial applications.

“The addition of SPH’s team and its differentiated technologies will enable us to serve a broader range of customers and applications,” says Ross B. Shuster, Copeland’s chief executive officer. “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.”

SPH also views the planned acquisition as an important step for the future: “Signing the agreement marks the beginning of a new chapter, and we are truly excited to join the Copeland team,” said SPH founders Andreas Mück, Dr. Tim Hamacher, and Tor Hodne. 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.”

Completion of the transaction is expected by the end of 2025, subject to customary closing conditions. Spirax Group (LON: SPX), a leading provider of steam solutions, will remain a minority shareholder in SPH and plans to offer the technology to an even wider market through its direct sales channels.

Read Copeland’s official press release: https://www.copeland.com/en-us/news/copeland-expands-industrial-heat-pump-portfolio-with-agreement-to-acquire-sustainable-process-heat