Berlin

Change of control at Kieback&Peter

Press release | M&A | Management
Christoph Ritzkat is the new majority shareholder of the smart building pioneer.
Christoph Ritzkat is the new majority shareholder of the smart building pioneer. © Kieback&Peter

With effect from December 1, 2019, Christoph Ritzkat, Chairman of the Board of Kieback&Peter, is the new majority shareholder of the traditional Berlin company.

Modernes Gebäude repräsentativ für die vielen mit K&P ausgestatteten Gebäude weltweit

In 2017, Christoph Ritzkat took over as Chairman of the Board of the pioneer of building automation. The aim was clear: To reposition the company and putting it back on the growth path.

Kieback&Peter's products and solutions help to optimize comfort, safety and energy efficiency in buildings. The business model thus contributes directly and sustainably to climate protection.

"Building automation will play an outstanding role in climate protection," says Christoph Ritzkat. In order to be able to finance innovation and growth in the smart building sector, a capital increase was consequently carried out.