Ingersoll Rand and Mitsubishi Electric to form JV for ductless and VRF HVAC

Ingersoll-Rand plc and Mitsubishi Electric Corporation have agreed to establish a 50-50 joint venture to market, sell and distribute ductless and VRF heating and air conditioning systems in the United States and select Latin American countries. The JV is expected to be operational in the first half of 2018.

“The new joint venture will include marketing, sales and distribution of ductless and VRF heating and air conditioning systems through Ingersoll Rand’s Trane and American Standard commercial and residential channels.”hvacpproducts.com

• 1 source
• hvacpproducts.comIngersoll Rand, Mitsubishi Electric Corporation to Establish JV for Ductless and VRF HVAC Systems - HVAC/PJan 23, 2018

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