Midea to acquire Arbonia's Climate Division for EUR 760 million

Midea Electrics Netherlands B.V., a subsidiary of Midea Group, will acquire the Climate Division of SIX-listed Arbonia AG for an enterprise value of EUR 760 million. The division will be combined with Midea's Clivet Group to create a European leader in climate solutions.

“The combination of the Climate Division and Italy-based Clivet Group... will create a European leader in climate solutions.”lenzstaehelin.com

• 3 sources
• lenzstaehelin.comMidea to acquire Arbonia’s Climate Division for EUR 760 millionApr 18, 2024
• coolingpost.comMidea to acquire Arbonia HVAC businesses - Cooling PostNeil EverittApr 19, 2024
• holodindustry.ruMidea покупает подразделение по климату компании Arbonia за 760 млн евро | Холодильная ИндустрияMay 8, 2024

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