Mitsubishi Electric Hydronics & IT Cooling Systems and BITZER Kühlmaschinenbau to Establish Joint Venture for HVAC Compressor Development [Yahoo! Finance]
MITSUBISHI ELEC UNSP/ADR (MIELY)
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Source: Yahoo! Finance
TOKYO, November 14, 2025 BUSINESS WIRE Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its wholly owned subsidiary Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. (MEHITS), headquartered in Bassano, Italy, has reached an agreement with BITZER Kühlmaschinenbau GmbH (BITZER), a German manufacturer specializing in compressors and refrigeration components, to establish a joint venture focused on developing compressors for applied HVAC and IT cooling systems. The new company, BITZER MEHITS Advanced Solutions GmbH, will be based at BITZER's factory in Rottenburg am Neckar, Germany. By combining the technologies and expertise of both companies, the joint venture will strengthen development capabilities for compressors used in applied HVAC and IT cooling equipment, aiming to deliver highly efficient products optimized for global markets. MEHITS has been using BITZER compressors in some of its applied HVAC and IT cooling products for overseas markets. The new
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