# Ingersoll Rand and Mitsubishi Electric form joint venture for ductless HVAC

Ingersoll Rand and Mitsubishi Electric agreed to establish a 50-50 joint venture for marketing, sales and distribution of ductless and VRF HVAC systems in the U.S. and select Latin American countries, pending antitrust review.

- Type: Partnership
- Announced: 2018-03-26
- Where: United States
- Status: announced
- Products: ductless HVAC systems, VRF systems, mini-split air conditioners, heat pumps
- 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

- [contractingbusiness.com](https://www.contractingbusiness.com/residential-hvac/press-release/20870223/ingersoll-rand-mitsubishi-electric-corp-embark-on-joint-venture-for-ductless-vrf-hvac-systems), 2018-03-26: "We are pleased to enter into a new joint venture with Mitsubishi Electric US."

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