# 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.

- Type: Acquisition
- Announced: 2024-04-18
- Where: Switzerland
- Value: $825.0M (760.0M EUR)
- Status: announced
- Products: climate solutions, heating systems, air renewal and purification systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Midea](https://endata.com/companies/1678.md) (acquirer)
- [Arbonia](https://endata.com/companies/28729.md) (target)

## Sources

- [lenzstaehelin.com](https://www.lenzstaehelin.com/news-and-insights/browse-deals-and-cases/dealscases-detail/midea-to-acquire-arbonias-climate-division-for-eur-760-million/), 2024-04-18: "The combination of the Climate Division and Italy-based Clivet Group... will create a European leader in climate solutions."
- [coolingpost.com](https://www.coolingpost.com/world-news/midea-to-acquire-arbonia-hvac-businesses/), 2024-04-19: "Midea has agreed the €760m purchase of Swiss group Arbonia’s Climate Division, which includes HVAC businesses Sabiana, Termovent and Tecna."
- [holodindustry.ru](https://holodindustry.ru/news/company-news/midea-pokupaet-podrazdelenie-po-klimatu-kompanii-arbonia-za-760-millionov-evro/), 2024-05-08: "Midea Group agreed to acquire the climate division of ARBONIA for 760 million euros."

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