The takeover of ARBONIA climate by the Midea Group has been completed. Together with Clivet S.p.A., which has been acquired by Midea in 2016, the group of companies will form a strong new alliance in the HVAC industry in Europe.
The companies will join forces and expand their market and innovation leadership in Europe with their complementary product offering. The name of the new group will be MBT Climate.
ARBONIA climate, was previously part of the stock listed company Arbonia AG based in Switzerland. In its competence centers throughout Europe, the group of companies develops and manufactures products and systems for sustainable heating and cooling generation, heating and cooling distribution, energy storage, ventilation and air treatment. The division includes the system brands KERMI, PROLUX, SABIANA and VASCO as well as the focused brands arbonia, Britec, Brugman, Cicsa, PZP, Solius, Superia, Tecna and Termovent.
Clivet, based in northern Italy, is a leading European company in the development, manufacture and distribution of intelligent systems for heating, cooling, air renewal and purification. The company offers a wide range of specialized HVAC solutions for the residential, commercial, industrial and IT sectors.
Effective immediately, the joint management responsibility for MBT Climate will be carried by Stefano Bellò, President of MBT Climate, Alexander Kaiss, Senior Vice President of MBT Climate, and Kobe Peng, Vice President of MBT Climate.
By leveraging each other’s capabilities and resources, MBT Climate is well positioned to expand its strength as leading HVAC solution provider in Europe. With ARBONIA climate’s and Clivet´s customer base and channels, know-how and production facilities, high-quality services, and complementary products, as well as Midea’s technical advantages and R&D investment, MBT Climate will offer a seamless, end-to-end solution for climate control, providing customers with the convenience and efficiency of a single-source system provider.
Midea Group plans to create sustainable growth momentum for MBT Climate to drive the sustainable energy transition in the building sector with a strong European entity. Midea Group explains: “Midea will continue to invest in the existing sites, employees and research and development departments of Clivet and ARBONIA climate. We are planning a long-term and successful future together.”
Midea Group has agreed to acquire the ARBONIA climate division. The Board of Directors of Swiss Arbonia AG has accepted Midea Group's offer to purchase its indoor climate specialist. Both parties already signed the agreements. Completion of the transaction is subject to customary closing conditions and approval by relevant regulators.
Midea Group develops and manufactures products in the area of air conditioning and building technology, industrial components, robotics and automation. The Group’s headquarter is located in Foshan, in the south of China. With more than 190,000 employees, the group achieved a turnover of around 48 billion euros in 2023.
Arbonia climate will join Midea's building technology division, of which the European operations currently center around Clivet, headquartered in Italy. Clivet employs around 1,000 people in Europe, the Middle East and India, and focuses on building technology products for residential households and commercial buildings.
Together Clivet and ARBONIA climate will offer integrated HVAC systems for Mediterranean and Nordic climates. Both groups are committed to support the energy transition through innovative products and solutions.
Alexander Kaiss, CEO of ARBONIA climate, sees the division in good hands going forward: "Midea is a very innovative, competitive group of companies and a strategic investor from the industry that is committed to our successful further development. Midea has a demonstrated track record of past successful investments, notably in Clivet. With this acquisition, Midea is pursuing long-term goals and, together with Clivet, we see great opportunities for further profitable and sustainable growth."