Ingersoll-Rand plc, a global company focused on creating comfortable, sustainable, and efficient environments, and Mitsubishi Electric Corporation, a manufacturer of technologically advanced ductless and Variable Refrigerant Flow (VRF) cooling and heating systems, announced today that its joint venture is now operating and serving customers.
The joint venture establishes Mitsubishi Electric Trane HVAC as a leading provider of ductless and VRF systems in the United States and select countries in Latin America. The systems sold by the joint venture are highly efficient, variable-speed mini-split, multi-split, and VRF air conditioners and heat pumps for commercial, light commercial, and homes.
Keijiro Hora has been named Chief Executive Officer and D. Andrew Kelso has been named Chief Financial Officer. Hora has been with Mitsubishi Electric since 1981, most recently as president and chief executive officer of Mitsubishi Electric US, Inc., a role that he will continue to hold. Kelso has been with Ingersoll Rand since 1995, most recently as the finance leader for the company’s Industrial Products businesses.
Ingersoll Rand and Mitsubishi Electric Corporation have equal ownership of Mitsubishi Electric Trane HVAC.
Ingersoll Rand’s family of brands include Club Car®, Ingersoll Rand®, Thermo King® and Trane®. Mitsubishi Electric is manufacturer of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment.