# Shanghai Mechanical & Electrical Industry to acquire 47.6% stake in Mitsubishi Electric Air Conditioning

Shanghai Mechanical & Electrical Industry Co., Ltd. announced it will acquire a 47.6% stake in Shanghai Mitsubishi Electric Shangling Air Conditioning Equipment Co., Ltd. from Shanghai Electric Industrial Co., Ltd. for 805 million yuan.

- Type: Acquisition
- Announced: 2020-06-12
- Where: China
- Value: $113.0M (805.0M CNY)
- Status: announced
- Products: air conditioners, fuel heaters
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Shanghai Mechanical & Electrical Industry Co., Ltd.](https://endata.com/companies/47849.md) (acquirer)
- [Shanghai Electric Industrial Co., Ltd.](https://endata.com/companies/47850.md) (target)
- [Shanghai Mitsubishi Electric Shangling Air Conditioning Equipment Co., Ltd.](https://endata.com/companies/47851.md) (target)

## Sources

- [finance.sina.com.cn](https://finance.sina.com.cn/stock/relnews/cn/2020-06-12/doc-iircuyvi8151571.shtml), 2020-06-12: "本次向电气实业收购三菱电机空调股权符合公司的长期发展战略，通过优化梳理与上海电气之间的业务定位，将增强本公司在楼宇管理业务方面的产业联动。"

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