Ingersoll Rand and Mitsubishi Electric Corporation to Establish Joint Venture
Ingersoll-Rand and Mitsubishi Electric Corp. announced that they have entered into an agreement to establish a 50 percent-50 percent joint venture (JV) pending global antitrust review.
The new joint venture will include marketing, sales, and distribution of ductless and VRF heating and air conditioning systems through Ingersoll Rand’s Trane and American Standard commercial and residential channels, and existing Mitsubishi Electric distributors and representatives in the United States and select countries in Latin America.