# Mitsubishi Electric merges Climaveneta, RC Group and DeLclima Finance into single entity

The board of Climaveneta, RC Group, and DeLclima Finance approved the merger of the three companies into a single entity, to become operational as Mitsubishi Electric Hydronics & IT Cooling Systems SpA from January 1, 2017.

- Type: Acquisition
- Announced: 2016-11-29
- Where: Italy
- Status: announced
- Products: air conditioning systems, chillers, cooling systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Mitsubishi Electric](https://endata.com/companies/2378.md)
- [Mitsubishi Electric](https://endata.com/companies/2378.md) (acquirer)
- [Climaveneta](https://endata.com/companies/20252.md) (target)
- [RC Group](https://endata.com/companies/20253.md) (target)
- [DeLclima Finance](https://endata.com/companies/20254.md) (target)

## Sources

- [coolingpost.com](https://www.coolingpost.com/world-news/delclima-confirms-new-group-structure/), 2016-11-29: "The Italian air conditioning companies, purchased by Mitsubishi Electric at the beginning of this year, will become operational as Mitsubishi Electric Hydronics & IT Cooling Systems SpA from January 1."
- [hvacnews.it](https://hvacnews.it/hvac/italy/climaveneta-rc-group-e-delclima-finance-diventano-nasce-mitsubishi-electric-hydronics-it-cooling-systems-704/), 2016-12-16: "L’unificazione delle società è un passaggio decisivo che ci permetterà di cogliere sinergie ancora migliori."
- [just-auto.com](https://www.just-auto.com/news/climaveneta-rc-group-merge-to-expand-mitsubishi-electrics-hvac-business/), 2016-12-19: "The merger will realise synergies for strengthened competitiveness in Mitsubishi Electric’s HVAC business, mainly in Europe."
- [heatingandventilating.net](https://www.heatingandventilating.net/mitsubishi-electric-hydronics-it-cooling-systems-to-launch-on-1st-january), 2016-12-19: "The unification into one single operating company is a decisive step that will allow us to achieve even better synergies."

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