Midea's Strategic Expansion with EUR 750 Million Climate Division Acquisition
Deal News | Mar 10, 2025 | CEE Legal Matters
Midea Group, through its subsidiary Midea Electrics Netherlands, successfully acquired the climate division of Swiss company Arbonia AG for EUR 750 million. Arbonia is a Swiss building supplier, while Midea specializes in air conditioning and various building and industrial technologies. The legal advisory for this significant acquisition consisted of multiple global law firms: Freshfields provided counsel to Midea Group, BDK Advokati took charge of local legal matters related to the Serbian company Termovent involved in the deal, and Baker McKenzie represented Arbonia. Freshfields' team spanned multiple international offices, with key members such as Vienna-based Counsel Gernot Fritz. BDK Advokati's legal team was led by Senior Partner Vladimir Dasic. Meanwhile, Baker McKenzie's team comprised associates from Warsaw and Prague, demonstrating the transnational nature of this acquisition. Such a high-profile deal underscores Midea's growth strategy and its focus on enhancing its market presence in climate technology.
Sectors
- Manufacturing and Industrial
- Legal Services
- Building Supplies
Geography
- Switzerland – Switzerland is the location of Arbonia AG, the seller in the transaction.
- Netherlands – Midea Electrics Netherlands, a subsidiary of Midea Group, served as the acquiring entity.
- Serbia – BDK Advokati handled local legal matters for Termovent, a company involved in the deal.
Industry
- Manufacturing and Industrial – The article involves Midea Group, a company that develops and manufactures products in air conditioning, building technology, and industrial components.
- Legal Services – The legal advisory services provided by Freshfields, BDK Advokati, and Baker McKenzie play a critical role in facilitating the acquisition.
- Building Supplies – Arbonia AG operates within the building supplies sector, providing context for its climate division being the acquisition target.
Financials
- EUR 750 million – The acquisition price for Arbonia AG's climate division.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Midea Group | Acquiring Company | Company | Midea is involved in air conditioning and industrial component manufacturing. |
| Arbonia AG | Target Company/Selling Company | Company | A Swiss building supplier listed on the SIX Swiss Exchange. |
| Freshfields | Legal Advisor | Company | Provided legal counsel to Midea Group for the acquisition. |
| BDK Advokati | Local Legal Advisor | Company | Advised Midea on the acquisition of Serbian company Termovent. |
| Baker McKenzie | Legal Advisor | Company | Advised Arbonia AG in the transaction. |