Aims to swiftly realize synergies with DeLclima and strengthen its commercial HVAC business
March 1, 2016
Mitsubishi Electric Corp., following the acquisition of approximately 74.97 percent of the shares of DeLclima S.p.A. from De’Longhi Industrial S.A. on Dec. 23, 2015, launched a mandatory tender offer to acquire the remaining shares. Consequently, Mitsubishi Electric has completed its acquisition of all the remaining shares.
Corporate sustainability efforts are helping to drive the energy-efficient HVAC market
February 15, 2016
As concerns about the environmental impact of energy generation and uncertainty over future energy prices continue to build, commercial building owners are looking for ways to reduce energy spend, notes Navigant Research. This drive for efficiency is increasingly targeting HVAC systems.
After closing, it will then acquire 100 percent of the business
August 27, 2015
Mitsubishi Electric Corp. has entered into an agreement to purchase from De’Longhi Industrial S.A. shares representing approximately 74.97 percent of the share capital of DeLclima S.p.A., an Italian company in the commercial air conditioning products business.
Recovering industry growth in the U.S. is counterbalanced by declines in China and stagnation in Europe
August 11, 2015
A new report that analyzes the global market for seven energy-efficient technologies for commercial HVAC is available from Navigant Research. HVAC accounts for nearly 40 percent of total global building energy consumption, while commercial buildings consume about 12 percent of the world’s energy supply, notes Navigant.
Air Reps Has Acquired Vemco Inland Northwest, an Existing Representative Organization
March 13, 2015
Daikin Applied has announced Air Reps as its representative in the state of Washington. Under the agreement, Air Reps will promote the complete Daikin Applied product offering throughout Washington, effective April 1.
Controls Ensure a HVAC System Is Performing to Specifications
November 12, 2014
Johnson Controls announced that it is bringing Simplicity® Smart Equipment (SE) controls to its York® brand of commercial packaged and split system products. Soon to be standard on all 3- to 40-ton packaged units, the updated Simplicity SE controls are designed to make HVAC equipment easier to install, operate, and service.
North American Market Will Revive During 2013, See More Substantial Growth During 2014
June 17, 2013
As energy costs, pressure on energy resources, and restrictions on greenhouse gas emissions continue to increase, strong global, national, and local pressure is driving the market for higher-efficiency commercial building HVAC systems, states a new report from Navigant Research.
With building owners and managers looking to wring savings from every square foot of space, manufacturers have introduced a wide array of advanced energy-efficient technologies that are designed to lower utility bills without compromising comfort.