Hoval

What Hoval does

Hoval (legal entity: Hoval SAS) operates from Geispolsheim, France, as a subsidiary of the privately held Hoval Group, designing, manufacturing, installing, and servicing heating, ventilation, air handling, and cooling equipment for residential-collective, commercial, industrial, hospitality, healthcare, logistics, sports, and data center customers across France and continental Europe. The product portfolio spans three technology families: thermal generation (Belaria pro air-to-water heat pumps; UltraGas, UltraGas 2, UltraGas 2 D, and TopGas max gas-condensing boilers up to 3.1 MW per unit, with UltraGas 2 cascades reaching 12 MW); decentralized climate technology (RoofVent and TopVent rooftop/ceiling air-handling units differentiated by the patented Air-Injector diffuser, plus ProcessVent industrial heat-recovery with up to 98% claimed heating-cost savings); and data center cooling (ServeCool indirect free-cooling with adiabatic assist in an 11 m² footprint). All equipment is coordinated by the TopTronic E regulation platform, which integrates with BMS via HovalConnect Modbus and KNX gateways and accepts weather-forecast inputs. The Station Thermique Modulaire (10–12,000 kW) packages Hoval generation equipment as prefabricated, turnkey thermal plants for new build and retrofit.

Revenue is generated through two streams. The primary stream is hardware sales of equipment and prefabricated thermal stations, sold either directly to enterprise end-customers (building owners, facility managers, industrial operators) or through a certified installer and engineering-office channel whose qualification is required for warranty validity. The secondary stream is aftermarket services — commissioning, spare parts (shipped free of charge), and maintenance contracts. Pricing is quote-based and not publicly disclosed; for small orders under €100 a €15 shipping fee applies and invoices are payable at 60 calendar days. Marketing is content-led (technical blog, case-study references, news, online product catalog) supporting an enterprise field-sales motion where expert consultation is the dominant bottom-of-funnel conversion mechanism. The company is privately held under Hoval Group with no public financials, no funding rounds, no M&A activity, and no leadership changes disclosed in the input. Manufacturing is conducted under ISO 9001 quality management.

Named enterprise customer references indicate a balanced vertical mix without visible concentration: industrial (SEW-USOCOME at Mommenheim, Fischer Maschinentechnik at Achern), logistics (Striebig Logistique at Hatten with seven RoofVent RHC-9 units, Chicorée Mode AG at Brunegg with an UltraGas 850), and industrial automation/handling (Selmoni Smart Handling in Alsace). The French SAS entity is stated at 11–50 employees; revenue is not disclosed. Geographic reach covers France, Germany, and Switzerland, with the longest tenured channel relationship being the 25+ year Kocher Heizungen AG partnership in Switzerland.

Name

Hoval

Legal name

Hoval SAS

Website

https://hoval.fr

Company type

Private

Founded year

1945

Operating status

Operating

Headcount range

11–50 employees

Short description

Hoval SAS designs, manufactures, installs, and services decentralized HVAC systems (heat pumps, gas-condensing boilers, ventilation, and data center cooling) coordinated by the TopTronic E control platform, serving residential-collective, commercial, industrial, and institutional customers in France and broader Europe as a subsidiary of the privately held Hoval Group.

Ownership category

akta.pro rank

Product category

Industrial HVAC Equipment

NAICS

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), 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), HVAC Controls & Optimization (Smart Thermostats, VAV, Chillers/Boilers Controls) (BPABAGAB), Dampers, Louvers & Ventilation Controls (IMADANAD), New Construction HVAC Rough-In & Final Set (Residential/Light Commercial) (HSAOAGAL), Controls, Thermostats, Sensors & Building Automation (HVAC Controls) (IMADANAH), Radiant Floor Heating Installation (HSAOAGAG), Chillers & Cooling Plant Equipment (IMAHAKAE)

Keywords

• HVAC systems manufacturing
• Industrial heating equipment
• Heat pump technology
• Gas condensing boilers
• Data center cooling

Headquarters

HQ city

Geispolsheim

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. HVAC equipment and systems sales: Primary revenue from manufacturing and selling heating, ventilation, and air conditioning equipment including heat pumps, gas condensing boilers, air handling units, cooling systems, hot water storage tanks, system components, and control systems. Products are sold directly to building projects and through a network of installers.
2. Services (maintenance, spare parts, commissioning): Revenue from after-sales services including maintenance contracts, spare parts supply, commissioning (mise en service), and technical support. Spare parts are shipped free of shipping costs.
3. Pre-configured system design (TransShare): Standard-design heating distributors with predefined configurations (Basic, Comfort, Premium tiers) enabling faster delivery (~3 weeks) compared to fully custom-engineered components, streamlining the ordering and installation process for installers.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Hoval designs, manufactures, sells, and services heating, ventilation, air conditioning, and data center cooling equipment for residential, commercial, industrial, and institutional buildings. Core products include heat pumps (Belaria pro), gas condensing boilers (UltraGas, UltraGas 2, TopGas max), modular thermal stations, decentralized ventilation units (RoofVent, TopVent, ProcessVent) with patented Air-Injector diffusion, the ServeCool data center cooling system, and the TopTronic E unified control platform. After-sales services include maintenance contracts, spare parts supply, and commissioning.

Product overview

Hoval is a heating, ventilation, and climate control technology company offering a comprehensive portfolio of interconnected products for residential, commercial, and industrial applications. The product ecosystem centers on the TopTronic E regulation platform which coordinates all heating equipment. Core heating products include heat pumps (Belaria pro), gas condensing boilers (UltraGas, UltraGas 2, TopGas max) in floor-standing and wall-mounted variants, and modular thermal stations (Station Thermique Modulaire). Climate technology encompasses decentralized ventilation systems (RoofVent, TopVent, ProcessVent) with patented Air-Injector diffusion technology and energy recovery. Data center cooling is addressed through ServeCool systems. Domestic hot water solutions include CombiVal tanks, TransTherm aqua charging systems, and EnerVal buffer storage. Distribution is managed via TransShare Standard heating distributors. Digital connectivity products (HovalConnect Modbus/KNX) enable integration with building management and smart home systems.

Differentiator

Problem solved

Functional benefit

Brands

• Belaria: Heat pump series for heating and cooling applications
• UltraGas
• RoofVent
• TopVent
• ServeCool
• TransShare
• CombiVal
• EnerVal
• TransTherm aqua
• TopTronic E
• HovalConnect

Products and services

• Belaria pro Air-to-water heat pump system for heating, providing climate-friendly heating using free energy from nature, targeted at residential and commercial heating applications.
• UltraGas (35-100) Floor-standing gas condensing boiler for heating and domestic hot water production with up to 20% energy savings compared to conventional gas boilers.
• UltraGas 2 (125-1550) Floor-standing gas condensing boiler for commercial and industrial applications with modular power modulation, compatible with renewable gases including hydrogen and biomethane.
• UltraGas 2 D (250-3100) Double gas condensing boiler system with common flue gas pipe for high-capacity heating and DHW production, featuring intelligent coordination between units via TopTronic E regulation.
• TopGas max Wall-mounted gas condensing boiler for collective housing and commercial buildings, with progressive power modulation and compatibility with renewable gases.
• Station Thermique Modulaire (10-12000 kW) Custom-built modular thermal station from 10 to 12000 kW offering flexible, high-performance, and sustainable thermal production with turnkey installation for industrial, commercial, and residential collective projects in new build and renovation.
• RoofVent Decentralized rooftop ventilation units providing air supply, exhaust ventilation, and energy recovery for industrial and logistics halls, with optional heat pump integration.
• TopVent Ceiling-mounted air introduction and recycling units for heating and cooling large volumes in warehouses, DIY stores, and supermarkets, featuring patented Air-Injector technology.
• ProcessVent Compact units for heat recovery from process exhaust air in manufacturing facilities, achieving up to 98% heating cost savings when combined with air purification systems.
• ServeCool Data center cooling system using indirect free cooling with outdoor air combined with adiabatic cooling and mechanical cooling for minimal Total Cost of Ownership and maximum security, in a compact 11 m² installation footprint.
• CombiVal Domestic hot water storage tanks in enameled or stainless steel for use with heat pumps, featuring particularly large heat exchanger surfaces.
• TransTherm aqua L Semi-instantaneous DHW charging system with external heat exchanger providing high efficiency with low charging power for strong hot water output.
• TransTherm aqua F Instantaneous DHW station providing continuously renewed, hygienically impeccable hot water with a compact wall-mounted, pre-wired design.
• EnerVal Buffer storage tank for thermal and cooling energy storage, decoupling heat production from consumption and enabling integration of solar installations and multiple heat sources.
• TransShare Standard Standard-design heating and cooling distributor with preconfigured Basic, Comfort, or Premium variants, delivered wired and ready to mount with thermal insulation.
• HovalConnect Modbus Communication module enabling data exchange between building management systems and Hoval TopTronic E regulation via Modbus TCP or RS485, including license key for online HovalConnect service.
• HovalConnect KNX Communication module enabling data exchange between smart home systems and Hoval TopTronic E regulation via KNX TP, including license key for online HovalConnect service.
• TopTronic E System regulation platform controlling and coordinating heating, cooling, and DHW production across multiple Hoval equipment with optional remote access via HovalConnect.
• Hoval Services (Maintenance, Spare Parts, Commissioning, Technical Support) After-sales services including maintenance contracts, spare parts supply, commissioning, and technical support for installed Hoval HVAC equipment across residential, commercial, and industrial customers.

Quantifiable outcome

• Up to 20% energy savings with UltraGas 2 condensing boiler vs conventional gas boilers
• +4 more outcomes

Named customers5 records

Segments9 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature6 records

Partnerships

One partnership is on record.

• Kocher Heizungen AGcoreImplementation/ SI/ Consulting PartnerSwiss heating systems installation company that has partnered with Hoval for over 25 years. Kocher Heizungen AG installs and maintains Hoval heating systems for commercial and industrial clients in Switzerland, including the Chicorée Mode AG project. The company values Hoval's innovation capacity and product completeness.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Viessmann: German family-owned heating and HVAC manufacturer offering a comprehensive product portfolio across gas condensing boilers, heat pumps, industrial/commercial systems, and digital services — directly comparable to Hoval in size, European footprint, and full-stack HVAC scope.
• Vaillant Group: European heating technology specialist (Germany-based) with a strong presence in boilers, heat pumps, and ventilation across residential and commercial segments — directly comparable to Hoval's heating-and-HVAC portfolio and similar European mid-market positioning.
• BDR Thermea Group: European heating group owning brands such as Baxi, De Dietrich, and Remeha, focused on boilers, heat pumps, and hybrid solutions across residential, commercial, and industrial segments — a direct competitor in European commercial heating systems.
• Weishaupt: German burner, boiler, and heat pump manufacturer with deep specialization in commercial and industrial heating — directly comparable to Hoval's UltraGas and Station Thermique Modulaire lines serving industrial and large-volume projects.
• Swegon: European specialist in ventilation, air handling, and indoor climate solutions for commercial buildings — directly comparable to Hoval's RoofVent and TopVent decentralized ventilation franchise for large-volume commercial and industrial spaces.
• FläktGroup: European air handling and ventilation specialist focused on commercial, industrial, and data-center applications — directly comparable to Hoval's industrial ventilation and ServeCool data-center cooling offerings.
• Systemair: Nordic-based ventilation and air handling company producing fans, air handling units, and climate solutions for commercial and industrial buildings — directly comparable to Hoval's decentralized and large-volume ventilation product family.

Broad incumbents

• Trane Technologies: Global commercial HVAC and refrigeration leader (includes Trane and Thermo King) serving data centers, industrial, and commercial buildings — broadly comparable as an incumbent, particularly in data-center cooling where Hoval's ServeCool competes.
• Bosch Thermotechnology: HVAC division of Bosch producing boilers, heat pumps, and commercial HVAC systems under brands like Buderus and Junkers — broadly comparable as an incumbent across Hoval's full product portfolio, but operating within a much larger diversified parent.
• Daikin: Global HVAC leader with deep European presence across heating, cooling, ventilation, and refrigeration — broadly comparable as an incumbent across Hoval's portfolio, but at materially larger scale and with broader product breadth.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Hoval