Foshan / Apeldoorn, 12 May, 2025 – BDR Thermea Group, a leading provider of smart indoor climate solutions, has signed several strategic cooperation agreements with Midea Group.  

  BDR Thermea China currently serves the domestic market through four brands: Baxi, De Dietrich, Chappee, and Brotje. Under the agreement:   • Midea is to acquire BDR Thermea China’s existing business including manufacturing, sales operations and the relevant technologies.   • As part of a brand licensing agreement, Midea will continue to use Baxi, De Dietrich, Chappee, and Brotje, to extend its brand portfolios exclusively for China.   • BDR Thermea Group will retain a scaled-down operation in China focused on global strategic sourcing.   • Midea will supply boiler products and related service to BDR Thermea for various markets post-acquisition.   This partnership aims to advance energy efficiency, enhance residential comfort, and contribute to improving quality of life amid the challenges of global warming.  

About BDR Thermea Group

BDR Thermea Group is a leading manufacturer of smart indoor climate solutions for domestic and commercial use. The company employs more than 7,100 people and operates in more than 100 countries worldwide. BDR Thermea Group, which realised a turnover of EUR 2.3 billion in 2023, serves customers under renowned market-leading brands including Baxi, De Dietrich, Remeha, Brötje, Chappée and Baymak. Its headquarters are in Apeldoorn, the Netherlands. URL: www.bdrthermeagroup.com  

About Midea Group

The Midea Group, with the vision of “bringing great innovations to life”, has upheld the philosophy of creating a better life through technology since its establishment. Based on 57 years’ of development, Midea has evolved into an international tech-leading company which specializes in six major businesses including Smart Home Business, Industrial Technologies, Building Technologies, Robotics &Automation, Midea Medical and Annto Logistics. Over the past 10 years, nearly 100 billion yuan has been invested in R&D, with 38 R&D centers and 44 major production bases in the world. At present, Midea’s products and services have served more than 500 million customers in over 200 countries and regions. It further forms a brand matrix covering Midea, Little Swan, Toshiba, WAHIN, COLMO, Clivet, Eureka, KUKA, GMCC, Welling, LINVOL, and Wandong.  URL: //askjxm.com/en   For more information: BDR Thermea Group: Dorien Souman, Dorien.souman@bdrthermea.com Midea Group: fuxg@midea.com