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BAXI acquires Hitecsa to lead heat pump market in Spain · Endata

◂ Announcements

Sep 14, 2021ACQUISITIONSpain, Spain

BAXI acquires Hitecsa to lead heat pump market in Spain

BAXI, part of BDR Thermea Group, acquired 100% of HIPLUS (operating as Hitecsa), a Spanish manufacturer of commercial and industrial climate systems. The deal is subject to antitrust approval and will make BAXI a global supplier of HVAC systems.

Value

$13.9M (12.0M EUR)

Status

Announced

Productsheat pumpsair conditioning systemsclimate control systems

CompaniesBDR Thermea Group partner BAXI acquirer HIPLUS Aire Acondicionado target Phi Industrial partner Hiplus target Hitecsa target Adisa Heating target

Sectors#HVAC and Industrial Refrigeration

“A partir de la adquisición de Hitecsa, estableceremos en España un centro de desarrollo y producción de aerotermia, tecnología clave para la descarbonización de los edificios en Europa según los objetivos marcados por la UE.”baxi.es

2 sources
baxi.esNoticias BAXI - BAXI adquiere Hitecsa para situarse a la cabeza del mercado de aerotermiaSep 14, 2021
climatizacion-y-confort.cdecomunicacion.esBaxi anuncia la compra de Hitecsa y Adisa HeatingTania AlvarezOct 29, 2021

Summarized from public sources; check the original articles before acting on it.

More from BDR Thermea Group

Aug 27, 2023NEW FACILITYNetherlands
Remeha opens largest heat pump factory in the Netherlands
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Oct 10, 2022EXPANSIONMertzwiller, France; Vilafranca del Penedès, Spain, France
BDR Thermea to raise heat pump capacity 50% at French and Spanish plants
BDR Thermea Group bdrthermeagroup.com
Oct 10, 2022EXPANSIONApeldoorn, Netherlands; Bassano del Grappa, Italy, Netherlands
BDR Thermea adds heat pump production lines in Netherlands and Italy
BDR Thermea Group bdrthermeagroup.com
Nov 1, 2021ACQUISITIONVilanova i la Geltrú, Barcelona, Spain165 jobs
Baxi acquires Hitecsa from PHI Industrial
BDR Thermea Group partner BAXI acquirer phi-industrial.com
Sep 15, 2021ACQUISITIONBarcelona, Spain, Spain
BDR Thermea Group acquires Hitecsa to expand heat pump portfolio
BDR Thermea Group acquirer HIPLUS Aire Acondicionado target bdrthermeagroup.com
Aug 20, 2021ACQUISITIONupstate New York, United States
Granby Industries acquires ECR International
TerraVest Industries acquirer TerraVest Industries investor us.olsenhvac.com ecrinternational.com observertoday.com

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