CHICAGO — Mitsubishi Electric Corp. announced it entered into an agreement to establish a 50-50 joint venture (JV) with Ingersoll Rand the week prior to the AHR Expo.

According to the companies, the JV will include marketing, sales, and distribution of ductless and variable refrigerant flow (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 U.S. and select countries in Latin America.