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Mitsubishi changes DeLclima name to MELCO

mitsubishi-electric-logoJAPAN: Mitsubishi Electric has changed the name of the recently acquired DeLclima SpA to MELCO Hydronics & IT Cooling SpA.

Mitsubishi says the name change declares the company’s mission and also signifies to employees, customers and suppliers that the company has become an integral part of the Mitsubishi Electric Group. The Japanese manufacturer aims to swiftly realise the synergies in the businesses and strengthen its commercial HVAC business globally.

The 100% purchase of the Italian group, which includes chiller manufacturer Climaveneta and specialist air conditioning and cooling brand RC Group, was completed on February 24.

The acquisition of DeLclima represents Mitsubishi Electric’s full-scale entry into the chiller business, a move, it says, that will enable it to achieve continuous growth and increasing market presence. The acquisition is also said to be in response to environmental regulations like the European F-Gas regulations, which Mitsubishi recognises will increasingly impact business practices in the coming years.

The DeLclima name originated from the group’s one-time owner, the well-known Italian manufacturer DeLonghi. It was created in 2000 when De’Longhi entered the commercial HVACR with its acquisition of  Climaveneta and DL Radiators. DeLclima subsequently demerged from De’Longhi in 2012.

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Mitsubishi Electric to buy DeLclima

Mitsubishi Electric to buy DeLclima

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