Baker & McKenzie LLP
10/27/2025 | Press release | Distributed by Public on 10/27/2025 05:34
Baker McKenzie Advises Copeland on the Acquisition of SPH Sustainable Process Heat
Baker McKenzie advised Copeland, a global leader in sustainable climate solutions, on the acquisition of SPH Sustainable Process Heat GmbH ("SPH"), a Germany-based industrial heat pump technology company. The transaction is expected to close by the end of 2025, subject to customary closing conditions. Spirax Group (LON: SPX), a leading steam solutions company, currently holds and will continue to hold a minority stake in SPH under Copeland's ownership.
Dr. Florian Kästle, one of the lead partners in the transaction, said:
We are pleased to have supported our client Copeland in this significant transaction with our experienced team. By integrating SPH, Copeland not only expands its portfolio with innovative, sustainable heating solutions for industry, but also strengthens its position as a leading provider of energy-efficient air conditioning technology. This will enable Copeland to address the increasing demand for environmentally friendly and high-performance heating systems and make an important contribution to the decarbonization of industrial processes.
Copeland, based in St. Louis, Missouri, US, supports its customers and end users in reducing their carbon dioxide emissions, improving their energy efficiency, enabling the use of climate-friendly refrigerants and protecting perishable foods and medicines. Copeland employs 18,000 people in over 40 countries, has development and manufacturing facilities in nine countries and can draw on technology that has been proven in over 200 million installations worldwide. The company has more than 3,400 active and pending patents.
SPH, based in Overath, North Rhine-Westphalia, Germany, supports customers with sustainable heat pump-based vapor solutions that meet a wide range of temperature, capacity and refrigerant requirements. The company specializes in the development, manufacture and maintenance of heat pumps for industrial steam applications for temperatures of up to 180 degrees Celsius.
Baker McKenzie's Corporate/M&A Practice regularly advises on national and international transactions. Most recently, Baker McKenzie advised the following companies, among others: ResInvest on the acquisition of Onyx Power, AURELIUS on the acquisition of the EMEA business of Landis+Gyr; Knorr-Bremse on the acquisition of duagon Group; Cheyne Capital on the refinancing of Kaffee Partner; JD.com on the acquisition of Ceconomy; VINCI Energies on the acquisition of the R + S Group and on the acquisition of the Zimmer & Hälbig Group; Bristol Myers Squibb on the transfer of Juno Therapeutics to TQ Therapeutics; Georg Fischer on the acquisition of the VAG Group; AURELIUS on the acquisition of Teijin Automotive Technologies; Centric Software on the acquisition of Contentserv Group; Fagron Group on the acquisition of Euro OTC & Audor Pharma; Berlin Packaging, a portfolio company of Oak Hill Capital Partners and Canada Pension Plan Investment Board, on the acquisition of RIXIUS AG; and Instalco on the investment in FABRI AG.
Legal adviser to Copeland:
Baker McKenzie
Lead:
Corporate/M&A:Dr. Florian Kästle (partner, Frankfurt), Daniel Dehghanian (partner, Düsseldorf)
Team:
Employment:Dr. Felix Diehl (partner), Dr. Sebastian F. Pfrang (senior associate), Jan Kammler (associate, all Frankfurt)
Dr. Florian Kästle, one of the lead partners in the transaction, said:
We are pleased to have supported our client Copeland in this significant transaction with our experienced team. By integrating SPH, Copeland not only expands its portfolio with innovative, sustainable heating solutions for industry, but also strengthens its position as a leading provider of energy-efficient air conditioning technology. This will enable Copeland to address the increasing demand for environmentally friendly and high-performance heating systems and make an important contribution to the decarbonization of industrial processes.
Copeland, based in St. Louis, Missouri, US, supports its customers and end users in reducing their carbon dioxide emissions, improving their energy efficiency, enabling the use of climate-friendly refrigerants and protecting perishable foods and medicines. Copeland employs 18,000 people in over 40 countries, has development and manufacturing facilities in nine countries and can draw on technology that has been proven in over 200 million installations worldwide. The company has more than 3,400 active and pending patents.
SPH, based in Overath, North Rhine-Westphalia, Germany, supports customers with sustainable heat pump-based vapor solutions that meet a wide range of temperature, capacity and refrigerant requirements. The company specializes in the development, manufacture and maintenance of heat pumps for industrial steam applications for temperatures of up to 180 degrees Celsius.
Baker McKenzie's Corporate/M&A Practice regularly advises on national and international transactions. Most recently, Baker McKenzie advised the following companies, among others: ResInvest on the acquisition of Onyx Power, AURELIUS on the acquisition of the EMEA business of Landis+Gyr; Knorr-Bremse on the acquisition of duagon Group; Cheyne Capital on the refinancing of Kaffee Partner; JD.com on the acquisition of Ceconomy; VINCI Energies on the acquisition of the R + S Group and on the acquisition of the Zimmer & Hälbig Group; Bristol Myers Squibb on the transfer of Juno Therapeutics to TQ Therapeutics; Georg Fischer on the acquisition of the VAG Group; AURELIUS on the acquisition of Teijin Automotive Technologies; Centric Software on the acquisition of Contentserv Group; Fagron Group on the acquisition of Euro OTC & Audor Pharma; Berlin Packaging, a portfolio company of Oak Hill Capital Partners and Canada Pension Plan Investment Board, on the acquisition of RIXIUS AG; and Instalco on the investment in FABRI AG.
Legal adviser to Copeland:
Baker McKenzie
Lead:
Corporate/M&A:Dr. Florian Kästle (partner, Frankfurt), Daniel Dehghanian (partner, Düsseldorf)
Team:
Employment:Dr. Felix Diehl (partner), Dr. Sebastian F. Pfrang (senior associate), Jan Kammler (associate, all Frankfurt)
Baker & McKenzie LLP published this content on October 27, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 27, 2025 at 11:34 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]