International.
Mitsubishi Electric Corp. announced that DeLclima S.p.A., which Mitsubishi Electric achieved a 100% stake in on February 24, has changed its name to Melco Hydronics & IT Cooling S.p.A.
Mitsubishi Electric said the name change, which clearly states the company's mission, also means the company has become an integral part of the Mitsubishi Electric Group, which aims to quickly realize synergies and strengthen its commercial HVAC business globally.
The acquisition of DeLclima represents Mitsubishi Electric's large-scale entry into the chiller business, allowing the company to expand its business portfolio. The acquisition will also allow Mitsubishi Electric to respond adequately to environmental regulations (F-gas regulations), which are expected to increase the impact on business practices in the coming years.
Melco Hydronics & IT Cooling S.p.A., designs, manufactures and sells commercial air conditioning equipment and refrigeration equipment for industrial and IT applications. Its subsidiaries include Climaveneta S.p.A. and RC Grupo S.p.A.
