Vasco Group
Vasco Group is a European HVAC manufacturer serving private individuals and professionals with designer and panel radiators, bathroom radiators, heat pumps, ventilation systems, and fan coil units, distributed via dealer networks across Benelux, DACH, France, Poland, and Italy.
- Company typePrivate
- Founded1975
- HeadquartersDilsen, Belgium
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Vasco Group does
Vasco is a European manufacturer of indoor climate solutions specializing in designer radiators, panel radiators, bathroom radiators, heat pumps, smart ventilation systems, and fan coil units. The company serves two primary customer segments: private individuals seeking design-led, energy-efficient home heating solutions for rooms such as bathrooms, living rooms, kitchens, and bedrooms; and professionals — including installers, contractors, and project developers — requiring reliable, scalable HVAC systems for commercial and residential projects. Its underlying technology centers on conventional hydronic and electric radiator platforms extended to low-temperature, heat-pump-compatible operation, alongside mechanical and 'smart' ventilation systems marketed under a 'dynamic ecosystem' narrative. The Brugman panel-radiator sub-brand and a multilingual product configurator (for heat-load calculation and product selection) round out the offering. Vasco generates revenue almost entirely through hardware sales of radiators and ventilation systems, distributed via an authorized dealer network across Belgium, the Netherlands, Germany, France, Poland, and Italy, complemented by a direct-to-consumer webshop for accessories and direct field sales for enterprise / project customers (e.g., hospitality). Vasco operates as a subsidiary of MBT Climate Benelux nv following Midea Group's February 2025 completion of the ARBONIA Climate acquisition, which placed Vasco — alongside Clivet — under the unified MBT Climate brand inside Midea's global HVAC portfolio.
Vasco Group firmographics
Firmographics- Name
- Vasco Group
- Legal name
- MBT Climate Benelux nv
- Website
- https://vasco-group.eu
- Company type
- Private
- Founded year
- 1975
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Vasco Group is a European HVAC manufacturer serving private individuals and professionals with designer and panel radiators, bathroom radiators, heat pumps, ventilation systems, and fan coil units, distributed via dealer networks across Benelux, DACH, France, Poland, and Italy.
- Ownership category
- akta.pro rank
Vasco Group industry classification
Industry- Product category
- HVAC Equipment and Indoor Climate Solutions
- NAICS
- Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512)
- SIC
- Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures (3430), Industrial & Commercial Fans & Blowers & Air Purifing Equip (3564)
- akta.pro primary industry
- HVAC Parts & Supplies Retail (Thermostats, Filters, Ducting) (CRAIADAI)
- akta.pro secondary industry
- Bath Fixtures & Wellness (Showers, Tubs, Steam, Saunas) Showrooms (CRAIAFAD)
Keywords
Where Vasco Group is headquartered
LocationHeadquarters
- HQ city
- Dilsen
- HQ country
- Belgium
- HQ region
- Europe
Markets served
Vasco Group business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Radiator Sales: Sale of designer radiators, panel radiators, and bathroom radiators for residential and commercial applications
- Ventilation Systems: Sale and installation of smart ventilation systems including dynamic ecosystem solutions
- Accessories: Sale of complementary accessories through webshop channel
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Vasco Group product offering
Product offeringCore offering
Vasco Group designs, manufactures and sells indoor climate solutions for residential and commercial applications across Europe. Its core product portfolio includes designer radiators, panel radiators, bathroom radiators (including electric options), heat pumps, smart ventilation systems and fan coil units, complemented by accessories and the Brugman panel radiator sub-brand. Products are sold through authorized dealers, an accessories webshop and direct professional sales channels in markets including Benelux, DACH, France, Poland, Italy and the UK.
Product overview
Vasco is a European HVAC (heating, ventilation, and air conditioning) company that offers a comprehensive indoor climate solution portfolio. The company operates under MBT Climate and is part of Midea Group following the acquisition of ARBONIA Climate. Vasco's product range includes designer radiators, panel radiators, bathroom radiators, heat pumps, ventilation systems, and fan coil units for both residential and commercial applications. The company also offers the Brugman panel radiators sub-brand, providing energy-efficient heating solutions that combine style and comfort across all room types including living rooms, kitchens, bedrooms, and bathrooms.
Differentiator
Problem solved
Functional benefit
Products and services
- Design Radiators Designer radiators that combine aesthetic styling with efficient heating performance for residential applications.
- Panel Radiators Flat panel radiators offering efficient heat distribution for standard room heating requirements in residential settings.
- Bathroom Radiators Specialized radiators designed for bathroom environments, including electric heating options for towel warming and space heating.
- Heat Pumps Heat pump systems for sustainable heating and cooling, part of the dynamic ecosystem for indoor climate control.
- Ventilation Systems Smart ventilation solutions designed to improve indoor air quality and comfort in residential and commercial buildings.
- Fan Coil Units HVAC units for heating and cooling residential and commercial spaces using forced air circulation.
- Brugman Panel Radiators Panel radiators under the Brugman sub-brand offering additional styling options and configurations for residential heating.
- Accessories Webshop accessories for Vasco radiators including valves, mounting hardware and supplemental components.
Companies that use Vasco Group
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Vasco Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Vasco Group partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- ClivetcoreClivet and Vasco/ARBONIA Climate operate together under the MBT Climate brand within Midea Group, combining expertise to create a comprehensive European HVAC portfolio spanning heating, cooling, and ventilation solutions.
- MBT ClimatecoreMBT Climate is the unified brand combining Vasco, ARBONIA Climate, and Clivet under Midea Group, representing a major consolidation of indoor climate expertise and product portfolio across Europe.
Scale indicators1 record
Recent moves6 records
Expansion highlights6 records
Vasco Group competitors and assessment
Company assessmentOthers
- Arbonia AG: Former parent entity of Vasco before Midea's acquisition of ARBONIA Climate in 2025. Remains adjacent as a European building-components group with overlapping HVAC/climate interests.
Broad incumbents
- Vaillant Group: European heating and ventilation technology group offering boilers, heat pumps, and indoor climate solutions. Comparable as a broad incumbent in European residential and commercial HVAC.
- Bosch Thermotechnology: Division of Bosch producing heating systems, heat pumps, and ventilation across Europe. Comparable as a broader incumbent competing with Vasco on heat pumps and residential climate solutions.
- Viessmann: German-based provider of heating, industrial, and refrigeration solutions, with a strong heat-pump portfolio. Comparable as a broad European incumbent spanning HVAC categories overlapping Vasco's heat-pump and ventilation lines.
- Daikin Europe: European arm of Daikin, a global HVAC leader offering heating, cooling, and ventilation. Comparable as a broad incumbent, especially on heat pumps and ventilation systems overlapping Vasco's portfolio.
Direct peers
- Clivet: Italian HVAC manufacturer specializing in cooling, heating, and ventilation; now sister company under MBT Climate within Midea Group. Comparable as an HVAC peer inside the same corporate structure.
- Purmo (Rettig): Finland-based European radiator and indoor climate brand under Rettig. Comparable to Vasco across panel radiators, designer radiators, and underfloor heating solutions.
- Jaga Radiators: Belgian designer radiator and climate solutions specialist. Strong direct overlap with Vasco on design-led radiators and low-temperature heating systems serving the Benelux and broader European market.
- Stelrad Radiators: UK-based radiator manufacturer producing panel and designer radiators across Europe. Closely comparable to Vasco's panel and designer radiator range and multi-country European distribution.
- Zehnder Group: Swiss-headquartered manufacturer of decorative radiators and ventilation systems for residential and commercial buildings. Directly comparable to Vasco in product mix (designer radiators + indoor ventilation) and European market focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Vasco Group social profiles
Digital presenceVasco Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Vasco Group leadership team
Management profileNumber of profiles
Vasco Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Vasco Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Vasco Group
What does Vasco Group do?
Vasco Group designs, manufactures and sells indoor climate solutions for residential and commercial applications across Europe. Its core product portfolio includes designer radiators, panel radiators, bathroom radiators (including electric options), heat pumps, smart ventilation systems and fan coil units, complemented by accessories and the Brugman panel radiator sub-brand. Products are sold through authorized dealers, an accessories webshop and direct professional sales channels in markets including Benelux, DACH, France, Poland, Italy and the UK.
Is Vasco Group a public or private company?
Vasco Group is a private company. It is classified as corporate owned and is currently operating.
When was Vasco Group founded?
Vasco Group was founded in 1975. It employs 501 to 1,000 people.
Where is Vasco Group based?
Vasco Group is headquartered in Dilsen, Belgium, in the Europe region.
How does Vasco Group make money?
Three revenue lines are on record. Radiator Sales are the primary driver. The others are ventilation Systems and accessories.
Who are Vasco Group's main competitors?
Arbonia AG is listed as an others. Broad incumbents are Vaillant Group, Bosch Thermotechnology, Viessmann and Daikin Europe. Direct peers are Clivet, Purmo (Rettig), Jaga Radiators, Stelrad Radiators and Zehnder Group.
Does Vasco Group have an API?
No public API is recorded for Vasco Group.
What industry is Vasco Group in?
Vasco Group's product category is HVAC Equipment and Indoor Climate Solutions. Its primary akta.pro industry code is CRAIADAI, HVAC Parts & Supplies Retail (Thermostats, Filters, Ducting), with a secondary code of CRAIAFAD, Bath Fixtures & Wellness (Showers, Tubs, Steam, Saunas) Showrooms. Its NAICS code is 33341 and its SIC code is 3585.