Midea completed the acquisition of Teka Group.

Midea, a listed technology group, completed the acquisition of Teka Group, a provider of household appliances and sinks. Financial terms were not disclosed. "We are delighted to extend a warm welcome to Teka Group as a member of the Midea family. We have successfully combined the best of both worlds: Midea's technological and manufacturing excellence with Teka's strong brand heritage and consumer insight, to provide customers worldwide with innovative solutions and enhanced value," Jian Fu, Midea Group President of Midea International Business.