# Baxi acquires Hitecsa from PHI Industrial

PHI Industrial completed the sale of 100% of Hitecsa, a manufacturer of commercial and industrial air-conditioning systems, to Baxi, a subsidiary of BDR Thermea Group.

- Type: Acquisition
- Announced: 2021-11-01
- Where: Vilanova i la Geltrú, Barcelona, Spain
- Jobs: 165
- Status: completed
- Products: air-conditioning systems, boilers
- 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)
- [Phi Industrial](https://endata.com/companies/57718.md) (partner)
- [Hitecsa](https://endata.com/companies/58828.md) (target)

## Sources

- [phi-industrial.com](https://phi-industrial.com/en/phi-completa-la-desinversion-de-hitecsa-al-grupo-industrial-baxi/), 2022-02-01: "The incorporation of Hitecsa completes our portfolio in Spain and Portugal, allowing us to offer our customers a complete range of HVAC products for any type of application."

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