# Baxi, Rcapital and Kynvest acquire GI Industrial Holding

The Romanian Competition Council approved the takeover of GI Industrial Holding S.p.A. and its subsidiaries by Baxi S.p.A., RCapital S.R.L. and Kynvest S.R.L. GI Industrial Holding manufactures ventilation and refrigeration equipment.

- Type: Acquisition
- Announced: 2023-09-29
- Where: Italy
- Status: completed
- Products: ventilation equipment, refrigeration equipment
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [GI Industrial Holdings](https://endata.com/companies/49501.md) (target)
- [BAXI](https://endata.com/companies/57716.md) (acquirer)
- [Rcapital](https://endata.com/companies/71850.md) (acquirer)
- [Kynvest S.R.L.](https://endata.com/companies/72952.md) (acquirer)

## Sources

- [energynomics.ro](https://www.energynomics.ro/en/competition-greenlights-the-takeover-of-gi-industrial-holding-by-baxi-rcapital-and-kynvest/), 2023-09-29: "The Competition Council authorized the transaction through which BAXI S.p.A., RCapital S.R.L. and Kynvest S.R.L. take over the G.I. Industrial Holding S.P.A. and its subsidiaries."

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