TOKYO — Mitsubishi Electric Corp. announced that Climaveneta S.p.A. and RC Group S.p.A., which are wholly owned subsidiaries of MELCO Hydronics & IT Cooling S.p.A., will merge and begin doing business as Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. on Jan. 1, 2017.

Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. designs, manufactures, and sells commercial HVAC equipment for industrial and IT applications. Founded in 1971, the company has a leading share of the chiller market in Europe. It offers specialized air conditioning, including for server rooms, one of its major businesses, energy-saving and low-noise technology, efficient production capabilities that facilitate product customization and quick delivery, and system-solution capabilities, such as remote monitoring of HVAC equipment.

The merger will realize synergies for strengthened competitiveness in Mitsubishi Electric’s HVAC business, mainly in Europe. It is expected to facilitate increased sales and expanded market share in the comfort chiller segment, and enhance the competitiveness of specialized air conditioning systems in the IT cooling segment.
The merger will also strengthen global branding among employees, customers, and suppliers by including Mitsubishi Electric in the new company name. 

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Publication date: 12/23/2016

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