Baxi Group expands into Spain and Portugal

19 June, 2005

Baxi Group has acquired Roca Heating, the market leader in residential heating equipment in Spain and Portugal, in a €200 million. The move is part of Baxi Group’s strategic intent to create a European group offering a broad range of space- and water-heating products for most commercial and residential applications. It gives the group a leading position in the only major boiler market in Europe where it is currently not represented and will increase its annual boiler sales by 19% to 975 000 units a year. Roca Heating has sales of €232 million in 2004. Boilers are made at factories in Barcelona and radiators in Madrid.

Related links:

Nuaire celebrates long service and a people-first culture built over decades

Nuaire has celebrated the exceptional loyalty and dedication of its employees at a long service awards event – a powerful reflection of a workplace culture that has been built and sustained over generations.

New advanced training facility opens to upskill HVAC industry

A new education facility has opened its doors and is set to advance skills and knowledge across the UK’s HVAC industry.

Calendar

Submit event

Tweets by MBS_magazine