Baxi

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Baxi (part of BDR Thermea)
Type Private
Industry Heating
Founded 1866
Headquarters Warwick[1], England
Area served Worldwide
Key people David Pinder (UK CEO)
Products Boilers, solar thermal, biomass, micro-CHP
Services Service, maintenance and repair of boilers
Employees 6,400 (worldwide as part of BDR Thermea)
Website http://www.baxi.co.uk

Baxi is part of BDR Thermea, one of Europe's largest manufacturers and distributors of domestic and commercial water and space heating systems.

It employs 6,400 people throughout Europe with a turnover exceeding €1.2 billion. The group has significant market shares 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, and 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.[2]

It is known under various pseudonyms worldwide, including Chappée and Ideal Standard in France, Roca in Spain and Broetje in Germany.

Baxi operates five sites in the UK: Warwick, Preston, Norwich, Wokingham and Erdington.

Its investment is based on boiler products and renewable technologies, including solar thermal hot water systems, ground source heat pumps, air source heat pumps, biomass boilers and micro combined heat and power with baxi-innotech. [3]

History[edit]

The group can trace its beginnings back over 140 years to Richard Baxendale, an iron founder, who began the Baxendale Company in 1866, based in Preston in Lancashire. Since the company was founded, it has been responsible for many of the key engineering breakthroughs which have revolutionised the boiler market.

The current Baxi Group was formed in November 2000 by 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.

Baxi International[edit]

Baxi International, a division of the Baxi Group, was formed in 2002 to manage the group's international sales, marketing and after-sales activities in more than 70 countries across the world.[4]

Joint Ventures[edit]

Strategic acquisitions and joint ventures since 2000 have included Baymak (Turkey joint venture), Baxi Belgium, SenerTec (combined heat and power), European Fuel Cell (fuel cell technology) and Roca Heating, the market leader in residential heating equipment in Spain and Portugal.[5]

In October 2004, Baxi Holding Ltd sold the Aqualisa division, to a management buy-out backed by CBPE Capital for £82.5 million.[6]

Baxi in England[edit]

Preston[edit]

The company continues to be a major employer in Preston[7] at the manufacturing and testing facility and is a former sponsor of Preston North End football club.[8]

Warwick[edit]

The company's contact centre currently employs some 100 call handlers working from offices based in Warwick. Handling customer enquiries relating to meter readings, heating system breakdowns and the like, the contact centre also provides a technical helpdesk and handles approximately 6,000 calls per day.[9]

Merge[edit]

In July 2009, heavily laden with debt, the group agreed to merge with Netherlands business rival De Dietrich Remeha.[10]

Baxi partnership[edit]

It is Britain's largest employee owned manufacturing company.[11] The Original company was left in a Trust for the benefit of the Employees.[12] The Trust required an act of parliament specially to set it up due to UK trust Laws placing restrictions on trust and the original intentions of the trust not being compatible. This resulted in the Baxi Partnership Limited Trusts Act 2000 being enacted.[12]

The BDR Thermea employs more than 5,400 people throughout Europe with a turnover of £850 million.[13]

UK subsidiaries and locations[edit]

Overseas subsidiaries and locations[edit]

  • BAXI - Bassano del Grappa (Italy)
  • Baymak (Turkey joint venture),
  • CSE (now renamed Baxi Belgium),
  • SenerTec(Combined Heat and Power specialists),
  • European Fuel Cell
  • Roca Heating (2005), in Spain and Portugal.

See also[edit]

  • Top Track 100 - Baxi is #52 in the list of biggest private companies.

References[edit]

External links[edit]