View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
December 19, 2016

Climaveneta/RC Group merge to expand Mitsubishi Electric’s HVAC business

Mitsubishi Electric says Climaveneta and RC Group, wholly-owned subsidiaries of Melco Hydronics & IT Cooling, will merge and start doing business as Mitsubishi Electric Hydronics & IT Cooling Systems from 1 January.

Mitsubishi Electric says Climaveneta and RC Group, wholly-owned subsidiaries of Melco Hydronics & IT Cooling, will merge and start doing business as Mitsubishi Electric Hydronics & IT Cooling Systems from 1 January.

Free Report
img

What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market.   This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide.   Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:  
  • Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
  • Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
  • Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
  • Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics
  Consult this report now to find out how you and your company can benefit from our Explorer platform.
by GlobalData
Enter your details here to receive your free Report.

The merger will realise synergies for strengthened competitiveness in Mitsubishi Electric’s HVAC business, mainly in Europe. It is expected to facilitate increased sales and expanded market share in the comfort chiller segment. 

The merger also will strengthen global branding among employees, customers and suppliers by including Mitsubishi Electric in the new company name.

Mitsubishi Electric Hydronics & IT Cooling Systems designs, manufactures and sells commercial HVAC equipment for industrial and IT applications. Founded in 1971, the company maintains it has the leading share of the chiller market in Europe.

Mitsubishi Electric’s automotive equipment technologies are at the core of many general, hybrid and next-generation clean-energy vehicles made by the world’s major automobile manufacturers.

In addition to supplying CPUs (the brain centre of automotive electronics), alternators, starters, electric power-steering systems and car multimedia systems, Mitsubishi Electric delivers a wide variety of automobile components.

Free Report
img

What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market.   This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide.   Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:  
  • Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
  • Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
  • Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
  • Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics
  Consult this report now to find out how you and your company can benefit from our Explorer platform.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto