Midea Group: Frigicoll HVAC identity, acquisition and board changes

analysisThe annual accounts include Frigicoll HVAC among 2025 acquisitions, together with two Chinese heating companies, for combined consideration of €41.407 million. A September 2025 announcement describes Midea–Frigicoll joint ventures serving Spain and France. The combined consideration must not be attributed entirely to Frigicoll. The retained announcement does not establish a percentage for every joint venture, nor acquisition of the whole Frigicoll S.A. business. ^{1 2}

analysisSpanish notices identify the HVAC company under register sheet B625961. The incorporation entry records Frigicoll S.A. as sole shareholder and sole administrator. A July 2026 notice records the change from Frigicoll HVAC, S.L. to Midea Frigicoll HVAC, S.L. The later name shown in an older archive heading does not establish that it was the name at incorporation. A dated sole-shareholder incorporation notice is not a current ownership register. This identity resolution follows the register sheet, not merely matching the Midea or Frigicoll names. ^{3 4}

analysisThe retained director history names Zhou Zhu as chairman, with Juan Rigol, Anna Rigol, Juan Bautista Alvarez, Min He and Gang Peng on the board from November 2025. A May 2026 notice replaces Xiaolan Sha with Ke Wang and names Bagaria as non-director secretary. A July notice replaces Bagaria with Javier Hernandez. A non-director secretary and a person holding powers of attorney do not automatically have board membership. Unrelated companies associated with common personal names have not been merged into this graph. ^{5 6 4}