Midea has finalized its acquisition of the Teka Group (excluding Teka Rus LLC), announced in June 2024 after receiving all necessary approvals.
Teka Group operates in over 120 countries with brands like Teka, Küppersbusch, and Intra, holding strong positions in kitchen and bathroom markets across Europe, Asia, and Latin America. It has 10 factories and employs around 3,000 people, recognized for innovation, quality, and design.
This acquisition combines Midea’s technology and manufacturing strengths with Teka Group’s 100-year brand heritage and global presence. The aim is to provide consumers worldwide with more comprehensive home solutions.
Midea’s support will enable Teka Group to strengthen operations, expand product lines, and enter new categories, reinforcing its three main brands.
Jian Fu, President of Midea International Business, expressed delight in welcoming Teka Group, stating the combination will deliver innovative solutions and added value to customers globally