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Mitsubishi absorbs Climaveneta Powermaster

UK: Chiller company Climaveneta Powermaster Ltd has been integrated into the Mitsubishi Electric UK portfolio.

The announcement follows the purchase of DeLclima, the parent company of Climaveneta, in 2015. As a result, Climaveneta Powermaster now becomes a brand within the Mitsubishi Electric product offering with existing staff transferred to Mitsubishi Electric.

“This announcement shows how serious we are about delivering a complete solution for any building or sector,” explained Mitsubishi Electric sales director Deane Flint. “Not only can our customers now purchase market-leading air conditioning, heating and ventilation products from us, they will also be able to access state-of-the-art, dedicated chiller technology.”

Climaveneta Powermaster Ltd was formed in 2014 following the merger between Climaveneta UK and its long-term UK distributor Powermaster. Mitsubishi Electric purchased a 74.97% in the company’s Italian manufacturer owner DeLclima in 2015, completing the 100% acquisition in early 2016.

Related stories:

Mitsubishi changes DeLclima name to MELCO22 March 2016
JAPAN: Mitsubishi Electric has changed the name of the recently acquired DeLclima SpA to MELCO Hydronics & IT Cooling SpA. Read more…

Mitsubishi achieves DeLclima majorityDecember 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…

Mitsubishi Electric to buy DeLclimaAugust 25, 2015
JAPAN: Mitsubishi Electric is to purchase Italian manufacturer DeLclima and its chiller companies Climaveneta and RC Group. Read more…

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