Summary
Baxi is a manufacturer and distributor of domestic and commercial water and space heating systems, based in Warwick, England. It is a subsidiary of European group BDR Thermea.
 | |
| Company type | Private |
|---|---|
| Industry | Heating |
| Founded | 1866 |
| Headquarters | , England |
Area served | Worldwide |
Key people | Karen Boswell OBE (MD) |
| Products | Boilers, solar thermal, biomass, micro-CHP |
| Services | Service, maintenance and repair of boilers |
| Revenue | €1.8 billion |
Number of employees | 6,400 (worldwide as part of BDR Thermea) |
| Divisions | UK: Baxi Domestic, Potterton Commercial, Andrews Water Heaters, Potterton, Heatrae Sadia, Main Heating, Remeha Commercial, Elson, Santon, heateam, interpart |
| Website | baxi |
Baxi 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. 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.[2]
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 UK: 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 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 150 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 revolutionized the boiler market.
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.
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 at the manufacturing and testing facility.[7]
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.[8]
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.[9] 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.[9]
Warwick edit
The company's contact centre currently employs some 100 call handlers working from offices based in Warwick. Handling customer enquiries relating to heating system breakdowns, the contact centre also provides a technical helpdesk and handles approximately 6,000 calls per day.[10]
Merge edit
In July 2010, the group agreed to merge with Netherlands business rival De Dietrich Remeha to form BDR Thermea.[11]
Baxi Partnership edit
| Baxi Partnership Limited Trusts Act 2000 | |
|---|---|
| Act of Parliament | |
 | |
| Long title | An Act to confirm the validity of and vary the trusts of a settlement created by Baxi Partnership Limited for the benefit of employees of Baxi Partnership Limited; to modify certain provisions of the settlement; to confer powers on the trustees of that settlement; and for other purposes. |
| Citation | 2000 c. iv |
| Dates | |
| Royal assent | 10 February 2000 |
| Text of statute as originally enacted | |
It is Britain's largest employee owned manufacturing company.[12] The original company was left in a trust for the benefit of its employees.[13] The trust required an act of Parliament specially to set it up because UK trust laws placed restrictions on trust and the original intentions of the trust not being compatible. This resulted in the Baxi Partnership Limited Trusts Act 2000 (c. iv) being enacted.[13]
The BDR Thermea employs more than 5,400 people throughout Europe with a turnover of £850 million.[14]
Products edit
UK subsidiaries and locations edit
- Andrews Water Heaters – Wokingham
- Baxi – Preston
- Baxi Customer Support (Servicing) – Warwick
- Baxi Genuine Parts – Warwick
- Elson – Preston
- Heatrae Sadia – Preston
- Main – Warwick
- Potterton – Warwick
- Potterton Commercial – Wokingham
- Santon – Preston
- Remeha Commercial – Wokingham Not a subsidiary of Baxi
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.
- Brötje in Germany
- Chappée in France
See also edit
- Top Track 100 – Baxi is No. 52 in the list of biggest private companies.
References edit
- ^ "Contact Baxi". Archived from the original on 12 October 2015. Retrieved 20 October 2015.
- ^ http://www.bdrthermea.com (Baxi in the world – UK)
- ^ Baxi-innotech
- ^ http://www.baxigroup.co.uk (Baxi International)
- ^ "Archived copy". Archived from the original on 21 February 2009. Retrieved 13 March 2009.
{{cite web}}: CS1 maint: archived copy as title (link) - ^ "Home".
- ^ Baxi Heating – The Manufacturer.com – Promoting best practice in Manufacturing
- ^ "Col backed Baxi's PNE revolution". Lancashire Evening Post. 8 February 2014. Archived from the original on 8 August 2018. Retrieved 8 August 2018.
- ^ a b "Baxi in PNE sell-off". Lancashire Evening Post. 28 June 2002. Archived from the original on 8 August 2018. Retrieved 8 August 2018.
- ^ "Shipton Communications Business Telephone Systems & Maintenance". Archived from the original on 28 August 2008. Retrieved 13 March 2009.
- ^ "Baxi to merge with Dutch rival and create heating giant". The Times. London. 3 July 2009. Retrieved 3 July 2009.
- ^ The Business of Football – Paul Robert Lloyd Archived 3 January 2010 at the Wayback Machine
- ^ a b "About us | Baxi Partnership". Archived from the original on 5 September 2011. Retrieved 1 December 2016.
{{cite web}}: CS1 maint: bot: original URL status unknown (link) - ^ "Baxi jobs under threat". Retrieved 9 July 2013.
- ^ a b "NEW DIGITAL BENCHMARK CHECKLIST INCORPORATED IN BAXI TOOLBELT APP". hvpmag. 14 June 2021. Retrieved 15 June 2021.
- Telegraph article listing Baxi & new turnover figure
External links edit
- Baxi Website
- Fangkuai Website[permanent dead link]