Smart Buildings

New Majority Shareholder for No. 2 Player in German Building Automation Market

This article was written by Daphne Tomlinson, Senior Research Associate at Memoori. Kieback & Peter, one of the leading specialists in building automation announced an ownership change in January 2020, with the CEO taking over the majority stake from the Laeger family. Founded in Berlin in 1927, Kieback & Peter is a provider of building automation products, solutions and services with over 1,400 employees. The portfolio ranges from the planning and implementation of simple room automation to solutions for smart buildings with integrated energy and building management. The parent company has more than 40 branches or subsidiaries in Germany and abroad. The group manufactures products including sensors, actuators and controllers at two locations in Germany. In Jan 2020, Christoph Ritzkat, Chairman of the Board became the new majority shareholder. He was previously CFO at Diehl Aerospace, until he joined Kieback & Peter in Jan 2017 as Managing Director with a focus on repositioning the company […]

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