MIDEA to acquire TEKA

MIDEA has agreed to acquire TEKA in a transaction announced on 27 January 2025. The deal involves the Chinese appliance manufacturer purchasing the Spanish kitchen equipment specialist, which operates within the electrical machinery manufacturing sector. No financial terms or specific consideration structure have been disclosed to the public at this time. The acquisition represents a strategic expansion for the buyer into the European market, though the precise valuation remains undisclosed.

The transaction is currently subject to regulatory approval and remains in the review phase. Completion has not yet occurred, and no definitive closing date has been established. Both parties are expected to proceed with the necessary regulatory filings to finalise the agreement. The deal status indicates that all conditions precedent must be satisfied before the transfer of ownership can be legally completed.