SWORDS, Ireland — Ingersoll-Rand plc, a global company that specializes in creating comfortable, sustainable, and efficient environments, and Mitsubishi Electric Corp., a manufacturer of technologically advanced ductless and variable refrigerant flow (VRF) cooling and heating systems, announced its joint venture is now operating and serving customers.
The joint venture establishes Mitsubishi Electric Trane HVAC US as a provider of ductless and VRF systems in the U.S. and select Latin American countries. The systems sold by the joint venture are designed to be highly efficient, variable-speed mini-split, multi-split, and VRF air conditioners and heat pumps for homes as well as light commercial and commercial applications.
Keijiro Hora has been named CEO and D. Andrew Kelso will serve as CFO. Hora has been with Mitsubishi Electric since 1981, most recently as president and CEO of Mitsubishi Electric US Inc., a role that he will continue to hold. Kelso has been with Ingersoll Rand since 1995, most recently as the finance leader for the company’s industrial products businesses.
Ingersoll Rand and Mitsubishi Electric Corp. each have equal ownership of Mitsubishi Electric Trane HVAC US.
Publication date: 05/17/18