Phi Industrial

Activity by year

202120222023202420252026

Acquisition

Sep 15, 2021ACQUISITIONBarcelona, Spain, Spain
BDR Thermea Group acquires Hitecsa to expand heat pump portfolio
BDR Thermea Group is acquiring 100% of Hiplus Aire Acondicionado (Hitecsa), a Barcelona-based manufacturer of commercial and industrial climate systems. The deal, from private-equity fund Phi Industrial, is expected to close in 2021 subject to antitrust approval.
BDR Thermea Group acquirer HIPLUS Aire Acondicionado target Phi Industrial partner #HVAC and Industrial Refrigeration bdrthermeagroup.com
Sep 14, 2021ACQUISITIONSpain, Spain$13.9M
BAXI acquires Hitecsa to lead heat pump market in Spain
BAXI, part of BDR Thermea Group, acquired 100% of HIPLUS (operating as Hitecsa), a Spanish manufacturer of commercial and industrial climate systems. The deal is subject to antitrust approval and will make BAXI a global supplier of HVAC systems.
BDR Thermea Group partner BAXI acquirer HIPLUS Aire Acondicionado target Phi Industrial partner Hiplus target Hitecsa target #HVAC and Industrial Refrigeration baxi.es climatizacion-y-confort.cdecomunicacion.es

Partners

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