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Midea Group Acquires European Kitchen Appliance Giant Teka for €1 Billion, Bolstering Global Expansion Strategy
2025-04-30 /
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Author：小编
On April 29, Midea Group made a significant announcement in Madrid, Spain, confirming the successful acquisition of the European kitchen appliance powerhouse, Teka Group (excluding Teka's Russian subsidiary). This milestone acquisition signifies another strategic step forward for a leading Chinese home appliance manufacturer in the global arena. Post-acquisition, Midea intends to harness its extensive global R&D and manufacturing network to bolster Teka's international competitiveness, reinforce its stronghold in European and Latin American markets, and facilitate rapid expansion into new business segments and international territories.
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