After announcing its intention to buy the Italian manufacturer last August, Mitsubishi achieved a majority interest at the end of December. Its subsequent mandatory tender offer has now resulted in the acquisition of the remaining 25.03% of the share capital of DeLclima.
The overall purchase price for 100% of DeLclima’s shares amounted to approximately €677m.
DeLclima designs, manufactures and sells commercial HVAC equipment and cooling equipment for industrial and IT use. DeLclima’s subsidiaries include chiller manufacturer Climaveneta and specialist air conditioning and cooling brand RC Group.
Mitsubishi achieves DeLclima majority – December 24, 2015
JAPAN: Mitsubishi Electric has completed its initial acquisition of 74.97% of the share capital of Italian manufacturer DeLclima SpA for €508m. Read more…