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An agreement between Ingersoll Rand and Mitsubishi Electric regarding establishment of the joint venture was reached in January 2018 [1] and the company started operation in mid-2018. [2] METUS markets, sells and distributes heating and air-conditioning systems in the United States and Latin America. [3]
Mitsubishi Electric Hydronics & IT Cooling Systems SpA (MEHITS) is the Mitsubishi Electric Group company specialized in hydronic systems for air conditioning and IT Cooling. Based in Italy the company designs and manufactures in 12 production plants in Europe , China , and India , and distributes its products worldwide.
Mitsubishi Electric United States, Inc. is the principal subsidiary of Mitsubishi Electric Corporation in the United States. It is headquartered in Cypress, California and was incorporated in 2002 [1] and its affiliates, have roughly 31 locations throughout North America with approximately 5,000 employees.
DeLclima was listed on the Milan Stock Exchange from 2012 until February 2016, when it was delisted following the acquisition by Mitsubishi Electric at the end of 2015. [2] Climaveneta, RC Group, and DeLclima Finance merged into Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. as of January 1st, 2017.
Variable refrigerant flow (VRF), also known as variable refrigerant volume (VRV), is an HVAC technology invented by Daikin Industries, Ltd. in 1982. [1] Similar to ductless mini-split systems, VRFs use refrigerant as the primary cooling and heating medium, and are usually less complex than conventional chiller-based systems.
In 2015 the company acquired DeLclima, an Italian company that designs and produces HVAC and HPAC units, renamed Mitsubishi Electric Hydronics & IT Cooling Systems SpA in 2017. [ 9 ] [ 10 ] In early 2020, MELCO was identified as a victim of the year-long cyberattacks perpetrated by the Chinese hackers.
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