# Mitsubishi Heavy Industries and Heiwo form joint venture for transport refrigeration in Europe

Mitsubishi Heavy Industries Thermal Systems and German company Heiwo have agreed to establish a joint venture in Osnabrück, Germany, to sell and service transport refrigeration units for trucks. Mitsubishi will hold 60% and Heiwo 40%, with a capital of EUR 6 million.

- Type: Acquisition
- Announced: 2018-07-11
- Where: Osnabrück, Germany, Germany
- Value: $7.00M (6.00M EUR)
- Status: announced
- Products: transport refrigeration units
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Mitsubishi Heavy Industries](https://endata.com/companies/493.md)
- [Heiwo](https://endata.com/companies/33054.md) (partner)

## Sources

- [nikkei.com](https://www.nikkei.com/article/DGXMZO32861180R10C18A7XA0000/), 2018-07-11: "三菱重工は11日、子会社の三菱重工サーマルシステムズ（東京・港）が、ドイツで空調・冷熱機器販売のハイフォ社（ニーダーザクセン州）とトラックなどに使われる輸送冷凍機の販売・サービスを手掛ける合弁会社を設立することで合意したと発表した。"

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