IMMERGAS

Name

IMMERGAS

Legal name

Immergas S.p.A.

Website

https://immergas.com

Company type

Private

Founded year

1964

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

HVAC Equipment

NAICS

Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512), Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing (333413)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Heating Equipment, Except Electric & Warm Air Furnaces (3433), Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures (3430), Electric Housewares & Fans (3634), Household Appliances (3630), Industrial & Commercial Fans & Blowers & Air Purifing Equip (3564)

akta.pro primary industry

HVAC Equipment (Heating, Cooling & Air Handling) (IMAHAKAB)

akta.pro secondary industries

Heat Exchangers, Coils & Hydronic HVAC Components (IMADANAF), Compressors, Refrigeration Components & Condensing Units (IMADANAG), Smart Thermostats & HVAC Controls Retail (CRAIAMAC)

Keywords

• Condensing boilers
• Heat pumps
• Hybrid heating systems
• Domestic HVAC equipment
• Solar thermal systems

Headquarters

HQ city

Brescello

HQ country

Italy

HQ region

Europe

Offices5 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. HVAC Equipment Sales: Sale of heating, cooling, and ventilation equipment including boilers, heat pumps, air conditioners, hybrid systems, and accessories. Products are sold through authorized dealers and technical assistance centers.
2. Maintenance and Service Programs: Formula Comfort maintenance programs offering extended warranties and annual maintenance services for boilers, hybrid systems, and high-power solutions
3. Formula Comfort Extended Warranty: Comprehensive maintenance programs including 5-year warranty extensions, free labor, and priority service for qualifying products
4. Installation Financing: Easy payment plans for purchasing new heating/cooling equipment, including boilers, hybrid systems, air conditioners, heat pumps, and solar thermal systems

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

IMMERGAS designs, manufactures, and distributes domestic HVAC equipment including condensing and traditional boilers, hybrid systems (gas boiler plus heat pump), full-electric heat pumps, air conditioners, fancoil units, solar thermal collectors, and photovoltaic systems. Products are sold primarily to residential homeowners through a 600+ authorized Technical Assistance Center (CAT) network in Italy and via international subsidiaries and distributors in 11+ countries, with a complementary recurring-revenue maintenance and extended-warranty program (Formula Comfort).

Product overview

IMMERGAS is an Italian manufacturer of home climate control systems offering a comprehensive portfolio of heating and cooling products. The core offerings include hybrid systems combining gas boilers with heat pumps, full-electric heat pumps, condensing and traditional boilers, air conditioners, fancoil units, solar thermal systems, and photovoltaic solutions through the Immerenergy division. Products are organized across several categories: hybrid and electric systems for energy-efficient heating/cooling, boilers (condensing, conventional, and high-power commercial units), air conditioning solutions, solar thermal with solar-ready options, and storage tanks. The company also provides complementary services including SmartTech Plus smart home control, Formula Comfort maintenance programs with extended warranties, and the Caius Club professional support network. Accessories include thermoregulation controls, flue systems, and zone management kits. The portfolio ranges from residential solutions to commercial high-power systems (36-200 kW), with a focus on energy transition technologies combining traditional gas systems with renewable energy sources.

Differentiator

Problem solved

Functional benefit

Brands

• Immerenergy: Photovoltaic division offering turnkey photovoltaic systems for residential and industrial buildings
• Caius Club
• Smartech Plus
• Formula Comfort
• Formula Comfort Over
• Victrix
• Magis
• Eureka

Products and services

• Hybrid Systems (Sistemi Ibridi) Combined heating and cooling systems integrating a gas boiler with a heat pump; the two energy sources are automatically optimized to maximize efficiency and reduce emissions. Targeted at residential and small commercial end customers seeking energy-efficient home climate solutions.
• Heat Pumps (Pompe di Calore) Air-source and water-source heat pumps for residential space heating, domestic hot water, and centralized applications including high-power variants. Targeted at residential and commercial end customers seeking electric, renewable-based heating and cooling.
• Air Conditioners (Climatizzatori) Mono-split and multi-split air conditioning units with precise finishes, design-focused housings, easy installation, and air purification. Targeted at residential and small commercial customers for summer cooling and air quality.
• Fancoil Units (Ventilconvettori) Hydronic air handling terminal units for heating and cooling distribution in residential and commercial buildings; compatible with boiler, heat pump, and district heating systems.
• Condensing Boilers (Caldaie a Condensazione) High-efficiency condensing boilers that recover additional heat from flue gases, delivering improved energy savings versus conventional boilers. Targeted at residential customers replacing existing heating systems or installing new ones.
• Traditional Boilers (Caldaie Convenzionali) Conventional (non-condensing) boilers for residential space heating and domestic hot water production. Targeted at residential replacement markets and budget-conscious buyers.
• High Power Solutions (Soluzioni Alta Potenza) Commercial and light-industrial heating solutions including boilers, heat pumps, and hybrid systems with power ratings from 36 kW to 200 kW. Targeted at offices, apartment buildings, and small commercial sites requiring higher heating capacity.
• Solar Thermal Systems (Solare Termico) Solar thermal collectors, complete packages, and components for domestic hot water production and space heating support. Targeted at residential customers seeking renewable energy integration with their Immergas heating system.
• Photovoltaic Systems (Immerenergy) Turnkey photovoltaic systems supplied by the Immerenergy division, marketed as the primary sustainable energy source for residential and industrial buildings. Targeted at residential and commercial customers seeking on-site solar electricity generation.
• Storage Tanks (Bollitori) Hot water storage tanks in stainless steel and vitrified steel variants for integration with boilers, heat pumps, and solar thermal systems. Targeted at residential and small commercial installations requiring domestic hot water storage.
• SmartTech Plus Smart home climate control platform enabling remote management and monitoring of Immergas heating and cooling products via a dedicated app. Targeted at residential customers seeking connected, energy-efficient home climate management.
• Formula Comfort Maintenance Program Annual maintenance program extending warranty up to 10 years for residential Immergas products including condensing boilers, hybrid systems, and full-electric systems; includes priority service and original spare parts guarantee.
• Formula Comfort Over Annual maintenance and extended warranty program (up to 5 years) specifically for high-power Immergas heating solutions rated 36-200 kW; includes 7-day service availability (October-February), 24-hour priority response, free labor, and replacement parts. Targeted at commercial and light-industrial customers.
• Caius Club Professional Program Professional loyalty and support program for certified HVAC installers and technicians, providing exclusive benefits, training, technical support, and access to genuine spare parts. Targeted at the authorized CAT installer network.
• Solar Ready Solutions Boilers and heating products pre-configured for integration with solar thermal systems to support hybrid renewable + conventional heating installations. Targeted at residential customers planning future solar integration.
• Full Electric Heat Pumps Electric-only heat pump systems for residential heating and cooling powered by renewable electricity; designed for fully electric, non-gas home installations. Targeted at residential customers seeking all-electric climate solutions.
• EUREKA Hybrid System Innovative hybrid system unveiled at MCE 2026 combining heating (new-generation gas boiler) and cooling (air-to-air heat pump air conditioner) previously sold as separate units into a single advanced hybrid installation with simple and fast setup and high efficiency. Targeted at residential and small commercial customers.

Quantifiable outcome

• 600+ authorized service centers ensure rapid response times (36-hour emergency intervention guarantee)
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• King Heating Products Inc.coreChannel Partner/ Reseller/ Distributor · 1 January 2023Partnership to bring Made in Italy HVAC technologies to Canadian and North American markets. Immerfin group investment to expand international presence.
• Eurl GuetthermiquecoreChannel Partner/ Reseller/ DistributorAlgerian partnership for HVAC solutions distribution. Partnership brought Immergas to approximately 20% market share in Algeria over 20 years. Includes local assembly unit coordinated with Brescello headquarters.
• Euroclima MMCcoreChannel Partner/ Reseller/ DistributorAzerbaijani partner bringing HVAC solutions from Brescello to the Caucasian market since 2009. New Immergas headquarters opened in Baku in 2023.
• Hunt HeatingcoreChannel Partner/ Reseller/ DistributorAustralian importer based in Melbourne importing Immergas gas boilers designed for Asia Pacific market. New showroom and development plans announced.
• Sanchez-Seco FamilycoreChannel Partner/ Reseller/ DistributorSpanish partners for Immerspagna, the 11th Immergas branch worldwide created in Madrid. Partnership aims to expand market share in Spanish market.
• ART-ER (Emilia-Romagna Research Innovation)minorStrategic or Co-development PartnerRegional innovation agency that visited Immergas Green Tech Center with Region Emilia-Romagna Vice President Vincenzo Colla

Scale indicators11 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Ariston Group: Italian-headquartered competitor in domestic heating, hot water, and HVAC. Most direct comparable given similar Italian heritage, overlapping product portfolio (condensing boilers, heat pumps, hybrid systems), and Mediterranean / European market focus.
• Vaillant Group: German family-owned heating technology manufacturer producing boilers, heat pumps, and HVAC systems across European residential and commercial markets. Directly competes with Immergas in condensing boilers and is rapidly expanding heat pump portfolio.
• Viessmann: German manufacturer of heating, industrial and refrigeration systems including condensing boilers, heat pumps, and hybrid solutions. Direct competitor across Immergas's hybrid systems and high-power commercial offerings.
• BDR Thermea Group: Dutch-headquartered group producing heating and hot water solutions under brands including Baxi, Remeha, De Dietrich, and Brötje. Direct competitor across European residential and commercial HVAC markets with similar multi-brand distribution.
• Ferroli: Italian manufacturer of boilers, heat pumps, and air conditioners with a strong domestic position and European export focus. Closely comparable Italian-headquartered competitor with overlapping product portfolio and similar private ownership profile.
• Fondital: Italian family-owned manufacturer specializing in radiators, condensing boilers, and heating systems. Comparable peer given Italian manufacturing heritage and focus on residential and commercial heating equipment.

Broad incumbents

• Bosch Thermotechnology: Division of Robert Bosch GmbH producing HVAC and hot water solutions, including the Worcester brand. Overlaps with Immergas across residential boilers, heat pumps, and air conditioning, with materially larger R&D and global scale.
• Daikin: Global Japanese manufacturer and market leader in air conditioning and heat pumps. Competes with Immergas in cooling and increasingly in heat pump-based heating, with materially larger scale and R&D resources.
• Mitsubishi Electric (Living Environment Systems): Japanese manufacturer producing air conditioning, heat pump, and ventilation systems for residential and commercial markets. Comparable in heat pump, AC, and smart climate control product categories where Immergas competes.

Regional players

• Wolf GmbH (part of Arbonia): German heating, ventilation, and air conditioning manufacturer (now part of Arbonia's HVAC division) producing boilers, heat pumps, and ventilation equipment. Comparable product portfolio focused on European residential and light commercial markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/immergasitalia
• Xx.com/immergasitalia
• Facebookfacebook.com/immergasitalia
• LinkedInlinkedin.com/company/immergas-s.p.a.

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IMMERGAS