IVT Industrier AB

What IVT Industrier AB does

IVT Industrier AB is a Swedish manufacturer of residential and commercial heat pumps, founded in 1970 and headquartered in Tranås. The company operates as a subsidiary of Bosch Thermoteknik AB within the Bosch Group, with all trademarks owned by Robert Bosch GmbH. IVT produces a full portfolio of heat pumps across four technology categories: ground/earth/lake-source systems (Geo 200, Geo 600, Geo 700), air/water systems (AirX 400, AirX 400S, AirX 500), air/air systems (Aero 800, Aero 900 and the broader Aero series), and exhaust air systems (Vent 402), complemented by a dedicated larger-property line (Fastighetsvärmepumpar) for housing cooperatives and commercial buildings. The technology stack centers on inverter-controlled compressors extracting solar energy stored in geological or ambient sources, with proprietary features including BCM borehole control, SmartGrid electricity-price optimization, natural cooling (Naturkyla), and a connected product platform (IVT Anywhere II, IVT Connect Pro, IVT Energy Master) compliant with the EU Data Act.

IVT distributes exclusively through a network of SKVP-certified installers across Sweden, plus regional partners in the Czech Republic and Slovakia. The go-to-market is B2B2C: end customers are routed via the website or direct contact to local installers who quote, install, and service the equipment, with financing offered through LF Finans. Revenue streams include hardware sales to installers, extended warranty/insurance (Plusförsäkring up to 20 years via Arctic), ongoing service and maintenance through No1-service, and financing services. Customer segments are primarily Swedish single-family homeowners, with secondary segments in property owners, housing cooperatives (BRF), and new construction (where heat pumps are installed in roughly 9 of 10 new Swedish houses). A 2025 partnership with E.ON extends the connected ecosystem into a major European utility's app, and a product cadence through 2026 (Geo 700, AirX 500) signals continued investment in environmental performance and refrigerant transitions.

Name

IVT Industrier AB

Legal name

Bosch Thermoteknik AB

Website

https://ivt.se

Company type

Private

Founded year

1970

Operating status

Operating

Short description

IVT Industrier AB is a Swedish heat pump manufacturer founded in 1970 and owned by Bosch Group, producing ground-source, air/water, air/air, and exhaust air heat pumps distributed through certified installers to residential and commercial customers primarily in Sweden.

Ownership category

akta.pro rank

Product category

Heat Pump Manufacturing

NAICS

Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing (333413), Plumbing, Heating, and Air-Conditioning Contractors (238220)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Industrial & Commercial Fans & Blowers & Air Purifing Equip (3564)

akta.pro primary industry

Ventilation, Ducting & Air Distribution Equipment (IMAHAKAG)

akta.pro secondary industries

HVAC, Water Heaters & Indoor Air Quality Distribution (CRAOAFAJ), New Construction HVAC Rough-In & Final Set (Residential/Light Commercial) (HSAOAGAL)

Keywords

• Heat pump manufacturing
• Ground source heat pumps
• Air-to-water heat pumps
• Residential heating solutions
• Renewable heating systems

Headquarters

HQ city

Tranås

HQ country

Sweden

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Heat Pump Sales: Sale of heat pump units (geothermal, air/water, air/air, exhaust air) to residential and commercial customers through certified installer network. Revenue is generated from product sales to installers who then sell to end customers.
2. Extended Warranty/Insurance: IVT Plusforsakring (Plus Insurance) extended coverage up to 20 years, providing ongoing revenue from existing installed base.
3. Service and Maintenance: Ongoing service revenue through certified service partners, including regular maintenance, repairs, and emergency service (No1-service).
4. Financing Services: IVT offers financing through LF Finans, providing customers with energy loans for heat pump installations.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

IVT designs, manufactures, and distributes a broad portfolio of heat pumps — including ground source (Geo series), air/water (AirX series), air/air (Aero series), and exhaust air (Vent series) units — for residential and commercial properties in Sweden, the Czech Republic, and Slovakia. Sales are executed exclusively through a network of certified and authorized installers, supplemented by IVT Centers (showrooms), a 24-hour service guarantee (No1-service), and an extended warranty program (Plusförsäkring up to 20 years). The legal operating entity is Bosch Thermoteknik AB, headquartered in Tranås, Sweden, with manufacturing in Sweden since 1970.

Product overview

IVT Industrier AB is a Swedish manufacturer of heat pumps founded in 1970, headquartered in Tranås, Sweden, and now part of the Bosch Thermoteknik Group. The company offers a comprehensive portfolio of heat pump products across four main categories: ground/earth/lake source heat pumps (Geo series including Geo 700, Geo 600, Geo 200), air/water heat pumps (AirX series including AirX 500, AirX 400, AirX 400S), air/air heat pumps (Aero series including Aero 800, Aero 900), and exhaust air heat pumps (Vent 402). The product line is complemented by a suite of digital services and accessories including the IVT Anywhere II mobile app (with SmartGrid optimization), IVT Connect Pro for service technicians, and IVT Energy Master. IVT also provides specialized solutions for larger properties (Fastighetsvärmepumpar) through a dedicated property division, along with extended warranty programs (Plusförsäkring up to 20 years), a 24-hour service guarantee (No1-service), and an authorized dealer network (IVT Center). The company offers connected/IoT products with app-based control and supports the EU Data Act requirements for product data access.

Differentiator

Problem solved

Functional benefit

Brands

• IVT Geo: Ground source heat pump product line for residential and commercial properties, extracting energy from bedrock, earth, or lake beds. Models include Geo 200 (commercial/large property), Geo 600, and Geo 700.
• IVT AirX
• IVT Aero
• IVT Vent
• IVT Connect Pro
• IVT Energy Master
• IVT AnyWork

Products and services

• IVT Geo 700 High-technology ground source (bedrock) heat pump for residential properties, using a natural refrigerant and extracting energy from bedrock to provide heating and domestic hot water.
• IVT Geo 600 Ground source heat pump designed for residential properties with a high design standard and an intuitive smartphone-like interface.
• IVT Geo 200

Quantifiable outcome

• Up to 80% heating cost reduction with geothermal heat pumps
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability2 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core and supporting.

• E.ONcoreTechnology or Integration · 24 November 2025E.ON and IVT announced a partnership allowing connected IVT heat pumps to be controlled directly through the E.ON app. This integration enables customers to manage their heating alongside other energy services through E.ON's platform.
• SKVP (Svenska Kyl & Värmepumpföreningen)coreImplementation/ SI/ Consulting PartnerSKVP is the Swedish Refrigeration and Heat Pump Association that certifies heat pump installers. IVT installers must be SKVP-certified, ensuring high installation standards across the network.
• SGU (Sveriges Geologiska Undersökning)supportingTechnology or IntegrationSGU maintains the mandatory registry of energy boreholes since 1976. IVT installers use SGU data to check existing borehole information when planning installations.
• cerpadla-ivt.cz (IVT CZ)coreChannel Partner/ Reseller/ DistributorLocal Czech partner handling sales, installation, and service of IVT heat pumps in the Czech Republic market.
• IVT Slovakia (ivt.sk)coreChannel Partner/ Reseller/ DistributorLocal Slovak partner handling sales, installation, and service of IVT heat pumps in the Slovakian market.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• NIBE Energy Systems: NIBE is the largest Swedish heat pump manufacturer and IVT's primary domestic competitor. Both companies serve the Swedish residential heat pump market through certified installer networks with similar product portfolios covering geothermal, air/water, and exhaust air heat pumps.
• Vaillant Group: Vaillant is a European heating, hot water, and heat pump manufacturer serving residential and commercial markets. The company directly competes with IVT in European heat pump markets with comparable geothermal and air/water heat pump products.
• Viessmann: Viessmann is a leading German manufacturer of heating, industrial and refrigeration systems, including a comprehensive range of heat pumps. Like IVT, Viessmann serves residential and commercial customers through certified installer networks across European markets.
• Stiebel Eltron: Stiebel Eltron is a German manufacturer specializing in heat pumps, hot water, and ventilation technology. The company competes directly with IVT in European markets with comparable heat pump product lines (ground source, air/water) and installer-based distribution.
• Thermia (Danfoss): Thermia, now part of Danfoss, is a Swedish heat pump manufacturer with a strong Nordic presence. It directly competes with IVT in the Swedish geothermal and air/water heat pump markets, with overlapping product lines and similar installer-led distribution.

Broad incumbents

• Daikin: Daikin is the global market leader in HVAC and refrigeration, including heat pumps for residential and commercial applications. Daikin's broad product portfolio, R&D scale, and global distribution reach make it a broad incumbent competitor to IVT in the heat pump category.
• Carrier Global: Carrier is a global HVAC manufacturer offering residential and commercial heat pump solutions across multiple brands. As a broad incumbent, Carrier competes with IVT in commercial property heat pump applications and increasingly in European residential markets.
• Sanden (now part of Panasonic): Panasonic's HVAC business offers a comprehensive range of air-source heat pumps (Aquarea) for residential and commercial heating. As a broad incumbent with strong brand recognition and global distribution, it overlaps with IVT's product portfolio in the European heat pump market.
• Bosch Home Comfort (parent division): Bosch Home Comfort is the parent division of IVT, manufacturing heating and hot water solutions including heat pumps under multiple brands across global markets. It provides scale, R&D, and channel resources but also competes in adjacent geographies.
• Mitsubishi Electric: Mitsubishi Electric is a major global manufacturer of HVAC systems including air-source and ground-source heat pumps. Its Ecodan and other heat pump lines directly compete with IVT products in European markets, supported by extensive installer networks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCAkUHjBkavm4CmVyEgSWHRQ
• Facebookfacebook.com/ivtvarmepumpar
• LinkedInlinkedin.com/company/ivt-industrier-ab

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 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 IVT Industrier AB