HOME > Business Wire > Article


April 3, 2024 02:10 UTC

Mitsubishi Electric Subsidiaries Acquire French A/C Maker AIRCALO

Will strengthen hydronic HVAC systems business in European market

TOKYO--( BUSINESS WIRE )-- Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its wholly owned subsidiaries Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. and Mitsubishi Electric Europe B.V. wholly acquired AIRCALO, an air-conditioning company in France, on April 2. Going forward, Mitsubishi Electric expects to leverage AIRCALO’s broad product line and strong customization capabilities to expand and upgrade its hydronic HVAC systems business in the diversifying European market, including by meeting strong demand for made-to-order products and environmental awareness.

Robust product lines and customization capabilities are important in the hydronic HVAC systems business, where demand is high for made-to-order products at individual installation sites. For fan coil units (FCUs), AIRCALO not only performs internal customization of the main unit but also packages peripheral components and control equipment that are typically arranged and installed by on-site contractors, which also helps to reduce labor and eliminate errors during installation.

Having operated in France for many years, AIRCALO commands a large share of the local market for FCUs and air handling units (AHUs), leveraging its broad range of products and strong customization capabilities to meet the specific needs of each installation site.

For the full text, please visit: www.MitsubishiElectric.com/news/

Contacts

Customer Inquiries
Overseas Air-Conditioning & Refrigeration Systems Div.
Global Strategy & Business Planning Department
Mitsubishi Electric Corporation
www.MitsubishiElectric.com/bu/air-conditioning-systems/

Media Inquiries
Takeyoshi Komatsu
Public Relations Division
Mitsubishi Electric Corporation
Tel: +81-3-3218-2332
prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/news/


Source: Mitsubishi Electric Corporation

View this news release online at:
http://www.businesswire.com/news/home/20240402219191/en


The content of this press release is provided by Business Wire. If you
have any questions regarding the content, please contact the person(s)
identified in the CONTACTS box at the bottom of the release.

Business Wire


HEADLINES

POLITICS
Kishida Denies Result of US Presidential Election Could Affect Japan-US Alliance
ECONOMY
Japan to Provide Up To 72.5 B. Yen in Subsidies for AI Supercomputer Projects
SPORTS
Soccer: Liverpool Miss Europa League Last 4 despite Quarterfinal 2nd-Leg Win
OTHER
Japan Unveils Its 1st Ice-Breaking Arctic Research Vessel Mirai II Being Built

AFP-JIJI PRESS NEWS JOURNAL


Photos