Baxi traces its roots to Richard Baxendale, an English iron moulder, who began the Baxendale company in 1866. In the 142 years since the Group was founded, it has been responsible for many of the key engineering breakthroughs which have revolutionised the market.
The current Baxi Group was created in November 2000 through the merger of Newmond plc (formerly the European Building Products Division of Williams plc) and Baxi Holdings plc.
Strategic acquisitions and joint ventures since 2000 have included Baymak (Turkey joint venture), CSE (now Baxi Belgium), SenerTec(Combined Heat and Power), European Fuel Cell (fuel cell technology) and Roca Heating (2005), the market leader in residential heating equipment in Spain and Portugal. The current main shareholders are BC Partners and Electra.
