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Ingersoll Rand entered into an agreement with Mitsubishi Electric Corporation to establish a joint venture for marketing, selling and supporting VRF and ductless HVAC systems through Trane, American Standard and Mitsubishi channels in the US and select Latin American countries.
“The joint venture will focus on marketing, selling and supporting variable refrigerant flow (VRF) and ductless heating and air conditioning systems.”refindustry.com
Summarized from public sources; check the original articles before acting on it.