# 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.

- Type: Acquisition
- Announced: 2021-09-14
- Where: Spain, Spain
- Value: $13.9M (12.0M EUR)
- Status: announced
- Products: heat pumps, air conditioning systems, climate control systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [BDR Thermea Group](https://endata.com/companies/9785.md) (partner)
- [BAXI](https://endata.com/companies/57716.md) (acquirer)
- [HIPLUS Aire Acondicionado](https://endata.com/companies/57717.md) (target)
- [Phi Industrial](https://endata.com/companies/57718.md) (partner)
- [Hiplus](https://endata.com/companies/58827.md) (target)
- [Hitecsa](https://endata.com/companies/58828.md) (target)
- [Adisa Heating](https://endata.com/companies/58829.md) (target)

## Sources

- [baxi.es](https://www.baxi.es/sobre-baxi/noticias/baxi-adquiere-hitecsa-para-situarse-a-la-cabeza-del-mercado-de-aerotermia), 2021-09-14: "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."
- [climatizacion-y-confort.cdecomunicacion.es](https://climatizacion-y-confort.cdecomunicacion.es/noticias/sectoriales/47025/baxi-compra-hitecsa), 2021-10-29: "Con Hitecsa (especializada en los segmentos comercial e industrial) podremos climatizar cualquier tipo de edificio y aprovechar sinergias comerciales"

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