SPAIN: Mitsubishi Electric Hydronics & IT Cooling Systems Spa has acquired the minority shares of the Spanish Climaveneta distribution company Topclima and service company Sater.
MEHITS already controlled both companies, and has now acquired the remaining shares from the heirs of the founders. The move will allow MEHITS to further integrate the Climaveneta distribution and service organisation with Mitsubishi Electric Europe’s Spanish subsidiary.
TopClima employs 37 employees, has its head offices in Barcelona and local offices and service centres in Madrid and Valencia. It was established in Barcelona in 1994 as the official distributor and service centre for Climaveneta products. It rapidly gained a leadership position in chiller and heat pump distribution in the Spanish market, where TopClima was a pioneer in the adoption of Climaveneta’s Integra heat pumps for four pipe systems.
Sater was established in 2008 specialising in the service of air conditioning systems. It operates mainly in the centre of Spain where it employs eight specialised engineers.