# BDR Thermea completes full acquisition of Italy's G.I. Holding

BDR Thermea completed the acquisition of 100% of G.I. Holding, an Italian manufacturer of HVAC solutions for commercial and industrial applications, adding the CLINT, KTK, NOVAIR and MONTAIR brands to its portfolio.

- Type: Acquisition
- Announced: 2026-07-21
- Where: Latisana, Italy
- Jobs: 300
- Status: completed
- Products: Heating, Ventilation and Air Conditioning (HVAC) solutions
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [BDR Thermea Group](https://endata.com/companies/9785.md) (acquirer)
- [G.I. Holding S.p.A.](https://endata.com/companies/28286.md) (target)
- [BAXI](https://endata.com/companies/57716.md) (acquirer)
- [Kynvest S.R.L.](https://endata.com/companies/72952.md) (target)
- [G.I. Industrial Holding](https://endata.com/companies/93340.md) (target)

## Sources

- [novair.it](https://novair.it/en/news/bdr-thermea-completes-full-acquisition-of-italys-gi-holding-in-commercial-hvac-capabilities-2026/), 2026-07-21: "BDR Thermea, a leading international manufacturer of smart indoor climate solutions, today announced the completion of its acquisition of 100% of G.I. Holding, a leading Italian manufacturer of Heating, Ventilation and Air Conditioning (HVAC) solutions for commercial and industrial applications."
- [bdrthermeagroup.com](https://www.bdrthermeagroup.com/stories/bdr-thermea-completes-full-acquisition-of-gi-holding), 2026-07-21: "This is a defining moment for BDR Thermea."
- [en.ilsole24ore.com](https://en.ilsole24ore.com/art/baxi-and-bdr-thermea-complete-the-acquisition-of-friulana-gi-holding-AJMg5ER), 2026-07-22: "Baxi and BDR Thermea have completed the acquisition of the Italian company G.I. Holding."
- [broetje.de](https://www.broetje.de/unternehmen/presse/2026/bdr-thermea-uebernahme-gi-holding), 2026-07-22: "Dies ist ein wegweisender Moment für BDR Thermea."
- [heatingandventilating.net](https://www.heatingandventilating.net/bdr-thermea-completes-full-acquisition-of-gi-holding), 2026-07-22: "This is a defining moment for BDR Thermea."
- [heatpumpnews.uk](https://heatpumpnews.uk/bdr-thermea-acquires-hvac-manufacturer-g-i-holding/), 2026-07-23: "BDR Thermea Group has completed its acquisition of 100% of Italian HVAC manufacturer G.I. Holding."
- [lcalex.it](https://www.lcalex.it/en/lca-advises-kynvest-on-the-sale-to-baxi/), 2026-08-04: "Kynvest has completed the sale to Baxi of its 59% stake in G.I. Industrial Holding, a company active in the production and sale of heat pumps, chillers, fan coils and precision ventilation and air conditioning equipment."
- [sbz-online.de](https://www.sbz-online.de/meldungen/akquisitionen-bdr-thermea-uebernimmt-vollstaendig-italienische-gi-holding), 2026-08-05: "Dies ist ein wegweisender Moment für BDR Thermea."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.