Winter
Winter S.A. is a Chilean manufacturer and distributor, founded in 1940, that produces electric water heaters, condensing boilers, gas water heaters, air conditioning, and solar thermal systems for residential, commercial, industrial, and mining customers across Chile.
- Company typePrivate
- Founded-
- HeadquartersSantiago, Chile
- Headcount—
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Winter does
Winter S.A. (Metalgírgica Winter S.A.) is a Chilean manufacturer and distributor of heating, air conditioning, water heating, and solar thermal equipment, founded in 1940 and headquartered at Avenida Padre Alberto Hurtado 1974, Estación Central, Santiago. Its core products are electric water heaters (termos eléctricos) in galvanized, stainless steel AISI 304, and Heavy Duty variants ranging from 30-liter residential units to 1,000-liter industrial tanks; condensing boilers from Italian partner Immergas spanning 68 kW wall-mounted models up to 900 TEC kW cascade industrial systems; gas water heaters (calefones) in natural and forced draft; inverter split air conditioning with R32 refrigerant; heat pumps; and complete solar thermal kits including collectors, controllers, and thermosiphon systems. The company also distributes complementary components — Airfel radiators, SAER/LEO/WITA pumps, expansion tanks, heat exchangers, and thermostats — to function as a one-stop thermal solutions provider.
The business model is hardware sales through a hybrid distribution stack: a proprietary e-commerce storefront (wintersa.cl) with nationwide Chilean delivery, a company-owned physical retail store in Santiago for walk-in purchases and pickups, and a dedicated technical service channel reachable by phone and WhatsApp. Pricing is unit-based in Chilean pesos with VAT included, spanning from roughly CLP 130,000 for entry-level residential termos to over CLP 17,000,000 for large commercial accumulators, with visible ongoing promotional discounting. Customer segments are diversified across residential end-users, real estate and construction projects, food and pharmaceutical industrial facilities, the mining sector, and specialized HVAC installers; the company emphasizes adaptation to Chilean water chemistry and 80+ years of factory-backed warranty support as primary differentiators. Winter S.A. is privately held with no disclosed parent company, funding rounds, or institutional investors, and its annual revenue is not publicly reported.
Winter firmographics
Firmographics- Name
- Winter
- Legal name
- Winter S.A.
- Website
- https://www.wintersa.cl
- Company type
- Private
- Operating status
- Operating
- Short description
- Winter S.A. is a Chilean manufacturer and distributor, founded in 1940, that produces electric water heaters, condensing boilers, gas water heaters, air conditioning, and solar thermal systems for residential, commercial, industrial, and mining customers across Chile.
- Ownership category
- akta.pro rank
Winter industry classification
Industry- Product category
- Water Heating and HVAC Equipment
- NAICS
- Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Power Boiler and Heat Exchanger Manufacturing (332410), Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers (423720)
- SIC
- Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures (3430), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Wholesale-Hardware & Plumbing & Heating Equipment & Supplies (5070)
- akta.pro primary industry
- Heat Exchangers & Thermal Transfer Equipment (IMAHAKAC)
- akta.pro secondary industries
- Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC), Heat Exchangers, Coils & Hydronic HVAC Components (IMADANAF), HVAC, Water Heaters & Indoor Air Quality Distribution (CRAOAFAJ)
Keywords
Where Winter is headquartered
LocationHeadquarters
- HQ city
- Santiago
- HQ country
- Chile
- HQ region
- Latin America
Offices1 record
Markets served
Winter business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Hardware product sales: Direct sales of water heating equipment (electric thermoses, gas heaters, boilers), air conditioning systems, and associated accessories through e-commerce platform and physical store. Products range from residential units (50-200 liters) to industrial systems (up to 1000 liters). One-time purchase model with varying price points based on capacity and specifications.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Residential electric thermoses (Galvanized and Gerald brand) |
| Unit Pricing | Pay-as-you-go | Industrial electric thermoses (Galvanized) |
| Unit Pricing | Pay-as-you-go | Industrial stainless steel thermoses |
| Unit Pricing | Pay-as-you-go | Heavy Duty industrial thermoses |
| Unit Pricing | Pay-as-you-go | Gas water heaters (Calefont) |
| Unit Pricing | Pay-as-you-go | Split air conditioning units |
| Unit Pricing | Pay-as-you-go | Condensing boilers (Immergas Victrix Pro) |
| Unit Pricing | Pay-as-you-go | Commercial accumulators (National fabrication) |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Winter product offering
Product offeringCore offering
Winter S.A. manufactures and sells electric water heaters (termos), gas water heaters (calefones), condensing and conventional boilers, inverter split air conditioners, heat pumps, and solar thermal systems under its own Winter brand and distributed brands including Immergas, Gerald, Airfel, and Inertank. The product range spans residential units (30-200 liters) through heavy industrial systems up to 1000+ liters and cascade boiler banks up to 900 TEC kW. Products are sold directly through the company's e-commerce site, Santiago retail store, and nationwide delivery across Chile, with technical support included.
Product overview
Winter is a Chilean company with over 80 years of experience specializing in heating, air conditioning, and sanitary hot water solutions. The product portfolio centers on electric water heaters (termos eléctricos) available in galvanized, stainless steel, and Heavy Duty industrial variants; a comprehensive range of Immergas boilers including wall-mounted and floor-standing condensation boilers (Victrix Pro, Ares Pro, ARES TEC) and conventional boilers (Nike, Eolo); gas water heaters (calefones) in natural draft and forced draft configurations; split and heat pump air conditioning systems; and complete solar thermal solutions including collectors, controllers, and thermosiphon kits. The offering also includes essential heating components such as Airfel radiators, SAER/LEO/WITA pumps, inertia tanks, expansion tanks, heat exchangers, and specialized accessories. Products are designed for both residential and industrial applications, with particular focus on adapting to Chilean water conditions.
Differentiator
Problem solved
Functional benefit
Products and services
- Winter Industrial Galvanized Electric Water Heaters (Termos Eléctricos Industriales Galvanizados)
Quantifiable outcome
- Industrial thermos units maintain service life exceeding 10 years with minimal maintenance requirements
- +2 more outcomes
Companies that use Winter
Customer profileSegments5 records
Ideal customer profiles5 records
Winter technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Winter partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- ImmergascoreWinter distributes Immergas branded products including Victrix Pro V2 condensing boilers (mural and floor-standing models), Ares Pro series, and residential mixed boilers (Victrix Tera, Victrix Superior, Nike Star, Nike Mini, Eolo Star, Eolo Maior). Products include cascade-ready systems up to 900 TEC with multi-burner configurations.
- GeraldcoreWinter sells Gerald branded residential electric thermoses (30-160 liters) under the 'Powered by Winter' brand. Gerald products include wall-mounted units with modern design, temperature indicator, LongLife Magnesium anticorrosive system, and Zafiro Reforced internal protection. 1-year warranty with Winter technical support.
- AirfelcoreWinter distributes Airfel branded radiators including simple and double models (EK 500 and DK 500 series). Products feature corrosion resistance, optimal heat distribution, and various size options for residential and commercial heating applications.
- InertankcoreWinter distributes Inertank branded instantaneous hot water accumulator tanks (1000+ liters) featuring AISI 316L stainless steel corrugated coil, 80mm polyurethane insulation, and 360° stability support system for industrial and commercial applications.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
Winter competitors and assessment
Company assessmentBroad incumbents
- Ariston Group: Italian global manufacturer of water heaters, boilers, and heat pumps. Direct competitor to Winter's residential and commercial thermos and condensing boiler lines, with broader international footprint and owned technology versus Winter's distribution-led model.
- Vaillant Group: German heating technology group producing boilers, heat pumps, and water heating systems. Comparable to Winter in the condensing boiler and hydronics space and competing for similar residential and commercial installations in Latin America.
- Bosch Thermotechnology (Junkers/Bosch): Global HVAC and water heating brand under Bosch, selling boilers and water heaters. Competes with Winter's Immergas-distributed boiler portfolio and offers comparable residential and commercial heating solutions.
- Baxi (BDR Thermea Group): European heating manufacturer producing boilers and hot water solutions for residential and commercial markets. Comparable to Winter's condensing boiler and water heater offerings, particularly the Victrix/Ares Pro equivalent lines.
- Rheem Manufacturing: US-based global manufacturer of water heating, heating, and cooling equipment. Comparable to Winter's residential and industrial water heater portfolio, with significantly larger scale and brand reach.
Direct peers
- Stiebel Eltron: German specialist in electric water heaters (including tank and instant) and heat pumps. Directly competes with Winter's electric thermos range (galvanized and stainless steel residential and industrial units) on technology and product category.
- Bradford White Corporation: US manufacturer specializing in commercial and residential water heaters, including industrial-grade tank and instantaneous products. Closely comparable to Winter's industrial thermos and accumulator product line in capacity range and customer profile.
Regional players
- Calorex: Mexican manufacturer of water heaters, solar thermal systems, and heat pumps serving Latin America. Most direct regional comparable to Winter in product mix (electric and solar water heating) and Latin American market dynamics, though Mexico-focused.
Others
- Immergas: Italian manufacturer of gas boilers and heating systems. Functions as Winter's core channel partner for condensing boilers in Chile and is also a competitor in the boiler category that Winter distributes. Both partnership and competitive dynamic apply.
Emerging players
- Solahart: International solar water heating manufacturer with presence across Asia-Pacific and Latin America. Comparable to Winter's solar thermal offering (Calefont Solar, thermosiphon kits, controllers, collectors) and competes in the same residential renewable hot water category.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Winter social profiles
Digital presenceWinter financial estimates
Financial estimateRevenue estimate
Valuation estimate
Winter leadership team
Management profileNumber of profiles
Profiles1 record
Winter funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Winter M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Winter
What does Winter do?
Winter S.A. manufactures and sells electric water heaters (termos), gas water heaters (calefones), condensing and conventional boilers, inverter split air conditioners, heat pumps, and solar thermal systems under its own Winter brand and distributed brands including Immergas, Gerald, Airfel, and Inertank. The product range spans residential units (30-200 liters) through heavy industrial systems up to 1000+ liters and cascade boiler banks up to 900 TEC kW. Products are sold directly through the company's e-commerce site, Santiago retail store, and nationwide delivery across Chile, with technical support included.
Is Winter a public or private company?
Winter is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Winter founded?
Winter was founded in -1.
Where is Winter based?
Winter is headquartered in Santiago, Chile, in the Latin America region.
How does Winter make money?
One revenue line is on record: hardware product sales.
Who are Winter's main competitors?
Broad incumbents on record are Ariston Group, Vaillant Group, Bosch Thermotechnology (Junkers/Bosch), Baxi (BDR Thermea Group) and Rheem Manufacturing. Direct peers are Stiebel Eltron and Bradford White Corporation. Calorex is listed as a regional player. Immergas is listed as an others. Solahart is listed as an emerging player.
Does Winter have an API?
No public API is recorded for Winter.
What industry is Winter in?
Winter's product category is Water Heating and HVAC Equipment. Its primary akta.pro industry code is IMAHAKAC, Heat Exchangers & Thermal Transfer Equipment, with a secondary code of IMAHAEAC, Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers). Its NAICS code is 333414 and its SIC code is 3430.