Company Said This Is Its Latest Move to Expand Its Air Conditioning Business in North America
October 23, 2013
Mitsubishi Electric Corp. announced that it has begun producing the indoor units of commercial air conditioners for the North American market at Mitsubishi Electric US Inc.’s wholly owned subsidiary company, PIMS, S.A. de C.V., located in Baja California, Mexico.
An acquisition that brings together two of the world’s strongest players in the global HVAC marketplace — exactly what does that mean? During the press conference held by Takeshi Ebisu, Daikin senior executive officer, and Dave Swift, Goodman Global Group Inc. president and CEO, the answer was simple. “In one word, complementary,” said Swift
What has been long rumored in the HVAC industry became official as Daikin Industries signed a definitive agreement to acquire Goodman Global Group for $3.7 billion. The companies hope the agreement will give the Japanese company even more of a presence in North America.