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Baxi is a manufacturer and distributor of domestic and commercial water and space central heating, based in Warwick, England. It is a subsidiary of European group BDR Thermea.
Baxi employs 6,400 people throughout Europe, with a turnover exceeding €1.2 billion. The group has significant across all major continental territories and in the United Kingdom. It is also expanding into new markets such as Romania and Argentina and already has a direct presence in Russia, China and the Czech Republic. It has a presence of joint venture partnerships in developing locations, like Turkey.
Today, BDR Thermea owns and sells some of the leading brands in the European market for heating products.http://www.bdrthermea.com (Baxi in the world – UK)
It is known under various pseudonyms worldwide, including Chappée and Ideal Standard in France, Roca in Spain, and Broetje in Germany.
Baxi operates three sites in the United Kingdom: Warwick, Preston and Wokingham. There are also numerous training centers nationwide, including Dartford and Godmanchester.
Its investment is based on boiler products and renewable technologies, including solar energy hot water systems, energy , air source heat pumps, and micro combined heat and power with baxi-innotech. Baxi-innotech
The current Baxi Group was formed in November 2000 after the merger of the heating interests of Newmond plc (formerly the European Building Products Division of Williams Holding plc) and Baxi Holdings plc.
The company's main shareholders are now private equity investors, BC Partners and Electra.
In October 2004, Baxi Holding Ltd sold the Aqualisa division, to a management buy-out backed by CBPE Capital for £82.5 million.
Baxi is former owner and sponsor of Preston North End, having taken over the club in summer 1994 when it had been in serious financial difficulty for several years. Baxi's chief executive Bryan Gray became club chairman. One of the first announcements by the new board was that Deepdale, until then a dilapidated stadium owned by Preston Council, would be upgraded into a modern stadium after the injection of extra funds by Baxi and from a subsequent new share issue.
Gray resigned as club chairman in the autumn of 2001 and Baxi declined to appoint a replacement, so it was immediately clear that the company intended to sell its holding in the club. By this time, three of the four new stands at Deepdale had been rebuilt and reopened but work on the fourth was delayed by several years following the collapse of ITV Digital, which cost the club an income of £4.6 million over the next two years (the stand was finally opened in 2008). The club was initially bought by existing directors and sponsors but has subsequently been taken over by Lancashire businessman Trevor Hemmings.
The BDR Thermea employs more than 5,400 people throughout Europe with a turnover of £850 million.
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