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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.
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.
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.
In May 2011 Mitsubishi Electric announced that it would exit the 65-inch (1,700 mm) and smaller categories of consumer television products in the U.S. and forming a new company based in Irvine, California, Mitsubishi Electric Visual Solutions America Inc., to focus on large-screen visual systems. [7]
In 1982 “Energy Raiser” the first multi-purpose unit for combined heating and cooling in 4-pipe systems is launched on the Market. In 1990 The “Free Cooling Liquid Chillers” are introduced for process and computer room cooling.
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