#China #Madrid #Innovation #Midea Group #Teka Group

A New Chapter for Teka Group under Midea Group

On April 30, 2025, Midea Group, a dominant player in the global technology sector, announced the successful acquisition of Teka Group, marking a significant milestone for both companies. This strategic initiative, which was initially revealed in June 2024, combines Midea’s advanced technological capabilities with Teka’s rich legacy of excellence and deep market presence.

Strengthening Market Position

The acquisition excludes Teka Rus LLC, but strengthens Teka Group's standing in the international market. By integrating Midea's innovative manufacturing prowess with Teka Group’s century-old brand experience, this move is set to exponentially expand Teka's growth potential and market penetration. Under Midea's leadership, Teka Group is poised to explore new product categories and venture into untapped markets swiftly.

Midea's President of International Business, Jian Fu, expressed his enthusiasm about the merger, stating, “We are delighted to welcome Teka Group into the Midea family. This partnership perfectly marries Midea's cutting-edge technology with Teka's robust brand heritage.” This sentiment highlights the potential for innovation and enhanced consumer offerings that are anticipated as a direct result of this collaboration.

Innovations Ahead

One of the most exciting aspects of this integration is Teka Group's ability to leverage Midea’s extensive global operations and research and development capabilities. Teka will not only expand its product lines but also enhance its operational framework and the strong identity of its three iconic brands: Teka, Küppersbusch, and Intra. The merger will facilitate greater organizational synergy, allowing both companies to develop comprehensive and innovative home solutions that can meet diverse consumer needs worldwide.

Mauro Correia, the CEO of Teka Group, spoke about the transformative potential of this merger: “This integration represents a thrilling new chapter for Teka. With Midea, we anticipate accelerated commercial development and expanded capabilities that will enhance our offerings for customers and partners alike.”

Financial Stability and Future Prospects

This merger not only solidifies the financial stability of Teka Group but also improves operational efficiency—critical factors in today’s competitive economic climate. Customers, partners, and employees of Teka Group can expect a combination of continuity and new growth opportunities as Midea’s commitment to innovation and technological advancement begins to unfold. The robust financial structure and expansive operational framework offered by Midea are set to provide the essential growth platform for Teka in the years to come.

Midea Group: A Leader on the Global Stage

Founded in 1968, Midea Group has grown into a leading global entity, ranking 277 on the 2024 Fortune Global 500 list. With revenues topping €53.08 billion, Midea is among the largest home appliance manufacturers worldwide and engages across six major sectors including Smart Home, Building Technologies, Robotics and Automation, and more. The company prides itself on creating better living through innovation, serving over 500 million customers across 200 countries.

Teka Group’s Legacy

Established in 1924 in Germany, Teka Group operates in over 120 countries and specializes in a diverse range of household appliances, including stainless steel sinks, faucets, ovens, and hoods. Teka has earned a solid reputation for its dedication to quality and design, garnering 34 awards in recent years. The company’s main brands—Teka, Küppersbusch, and Intra—are recognized globally, embodying a commitment to continuous innovation.

With this merger, both companies are anticipated to not only strengthen their respective market positions but also to enhance the consumer experience across their product offerings. The future looks bright for Midea Group and Teka Group as they embark on this exciting new journey together.