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Midea Group signed agreements to acquire BDR Thermea China's existing business including manufacturing, sales operations and relevant technologies. Midea will also license the Baxi, De Dietrich, Chappee, and Brötje brands for China.
“Midea is to acquire BDR Thermea China’s existing business including manufacturing, sales operations and the relevant technologies.”bdrthermeagroup.com
Summarized from public sources; check the original articles before acting on it.