Mitsubishi Electric – strategic merger in HVAC

Mitsubishi Electric – strategic merger in HVAC
22
Dec

The Japanese Group signed an agreement with DeLclima Finance S.r.l for a merger with Climaveneta and RC Group, subsidiaries of Melco Hydronics & IT Cooling. The deal will led to the creation of M3aircon-1itsubishi Electric Hydronics & IT Cooling Systems, a new company focused on the HVAC business that will start to be operational from January 1, 2017.

The deal marks a further step in the integration process of DelCima S.p.A. into Mitsubishi Group and will lead to the creation of a strong player in the Heating, Ventilating and Air Conditioning sector . The company will keep marketing products by both brands, while simplifying the organizational structure in order to improve the efficiency and the effectiveness of the Italian brand, well known and appreciated all across the world.

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