# Ingersoll Rand and Mitsubishi Electric form 50-50 joint venture

Ingersoll Rand and Mitsubishi Electric Corp. agreed to establish a 50-50 joint venture to market, sell, and distribute ductless and VRF HVAC systems in the U.S. and select Latin American countries.

- Type: Partnership
- Announced: 2018-02-05
- Where: United States
- Status: announced
- Products: ductless HVAC systems, variable refrigerant flow 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/136515-ingersoll-rand-mitsubishi-electric-enter-joint-venture), 2018-02-05: "Ingersoll Rand and Mitsubishi Electric Corp. announced they have entered into an agreement to establish a 50-50 joint venture (JV) 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.