Mitsubishi Electric Subsidiaries Acquire French A/C Maker AIRCALO

TOKYO, April 3, 2024 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its wholly owned subsidiaries Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. and Mitsubishi Electric Europe B.V. wholly acquired AIRCALO, an air-conditioning company in France, on April 2. Going forward, Mitsubishi Electric expects to leverage AIRCALO's broad product line and strong customization capabilities to expand and upgrade its hydronic HVAC systems* business in the diversifying European market, including by meeting strong demand for made-to-order products and environmental awareness.