Mitsubishi to expand Norway business
NORWAY: Having completed the integration of its Norwegian air conditioning distributor MIBA AS, which it acquired in July, Mitsubishi Electric is to expand its business in the area.
The Norwegian air conditioning market has expanded in recent years in response to increased demand for low energy consumption air conditioning systems. Furthermore, it is expected that demand for hot water heat pumps will also increase.
The establishment of a Norwegian subsidiary is designed to further expand its air conditioning business in Norway and expand its product offering by promoting other businesses, like factory automation.
Prior to its acquisition, MIBA AS had been selling Mitsubishi Electric air conditioning equipment in Norway for almost 25 years.
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