TOKYO — Mitsubishi Electric Corp. announced that DeLclima S.p.A., which Mitsubishi Electric achieved 100 percent ownership of on Feb. 24, has been renamed MELCO Hydronics & IT Cooling S.p.A.

Mitsubishi Electric said the name change, which clearly declares the company’s mission, also signifies that the company has become an integral part of the Mitsubishi Electric Group. Mitsubishi Electric aims to swiftly realize synergies and strengthen its commercial HVAC business globally.

The acquisition of DeLclima represents Mitsubishi Electric’s full-scale entry into the chiller business, enabling the company to further expand its business portfolio. The acquisition will also allow Mitsubishi Electric to adequately respond to environmental regulations (F-gas regulations), which are expected to increasingly impact business practices in the coming years.

Mitsubishi Electric has a global presence in HVAC systems in markets such as Japan, Europe, North America, China, Southeast Asia, India, and Australia. Europe in particular is an important market for Mitsubishi Electric after Japan. As the European air conditioning market matures, it further requires market players both to provide value-added products such as energy-saving equipment and to comply with environmental regulations, and in response, Mitsubishi Electric is growing its business in the region with a particular focus on room and packaged air conditioning as well as multi air conditioning systems for buildings.

MELCO Hydronics & IT Cooling S.p.A. (previously DeLclima S.p.A.) designs, manufactures, and sells commercial HVAC equipment and cooling equipment for industrial and IT use. Its subsidiaries include Climaveneta S.p.A. and RC Group S.p.A. Climaveneta has a leading market share in Europe and a strong brand in the chillers business. RC Group offers expertise in specialized air conditioning, including for server rooms.

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Publication date: 4/1/2016

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