# Mitsubishi Electric absorbs Climaveneta Powermaster into operations

Mitsubishi Electric has integrated Climaveneta Powermaster Ltd into its operations, making Climaveneta a branded product family within the Mitsubishi Electric portfolio. The move follows the purchase of DeLclima, parent company of Climaveneta, and aims to access the UK chiller market.

- Type: Acquisition
- Announced: 2018-01-02
- Where: United Kingdom
- Status: completed
- Products: chillers, air conditioning, heating, ventilation
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Mitsubishi Electric](https://endata.com/companies/2378.md) (acquirer)
- [Climaveneta Powermaster](https://endata.com/companies/24730.md) (target)

## Sources

- [racplus.com](https://www.racplus.com/news/mitsubishi-electric-to-target-chiller-market-after-absorption-of-climaveneta-powermaster-02-01-2018/), 2018-01-02: "This announcement shows how serious we are about delivering a complete solution for any building or sector."

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