# Ingersoll-Rand and Mitsubishi Electric agree 50-50 joint venture for ductless and VRF systems

Ingersoll-Rand and Mitsubishi Electric Corporation agreed to establish a 50-50 joint venture for ductless and VRF HVAC systems, pending global antitrust review. The agreement was reported on January 17, 2018.

- Type: Acquisition
- Announced: 2018-01-17
- Status: announced
- Products: ductless HVAC systems, VRF systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Ingersoll Rand](https://endata.com/companies/1905.md) (partner)
- [Mitsubishi Electric](https://endata.com/companies/2378.md) (partner)

## Sources

- [achrnews.com](https://www.achrnews.com/articles/topic/15060-hvac-engineering-news?page=177), 2018-01-19: "Ingersoll-Rand and Mitsubishi Electric Corporation have entered into an agreement to establish a 50-50 joint venture pending global antitrust review."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.