A global manufacturer has swooped for the home services division of County Durham based Pacifica Group in an undisclosed deal.
German firm Viessmann has completed the acquisition of the division in partnership with its existing senior management team, which will lead to it making a multimillion-pound investment into a renewables-driven home services operation in the UK.
Viessmann, which manufactures climate control products and refrigeration solutions as well as industrial electricity, heating and cooling systems for commercial applications, has acquired Pacifica Home Services (PHS), in conjunction with its management team from Pacifica Group, a portfolio company of European growth investor Synova.
