Midea and Frigicoll S.A. acquired 100% of Pacerin, a Spanish company specializing in digital brand development on Amazon, integrating it into their joint venture. The acquisition was announced on October 20, 2025.
Midea and Frigicoll announced a joint venture agreement in Spain and France through investment in Midea Frigicoll HVAC Spain (formerly FRIGICOLL HVAC, S.L.U.). The venture aims to accelerate growth in HVAC solutions for residential, commercial, and industrial applications.
Midea Group's Midea Electrics Netherlands B.V. formed a joint venture, Frigicoll HVAC, S.L., with its European partner Frigicoll S.A. The joint venture operates the brands Midea Frigicoll HVAC Spain and Midea HVAC France. The transaction was signed on July 18, 2025, and completed in September 2025.