Ingersoll-Rand plc and Mitsubishi Electric Corporation have established a joint venture that is now operating and serving customers.
The joint venture establishes Mitsubishi Electric Trane HVAC US as a provider of ductless and VRF systems in the United States and select countries in Latin America. The systems sold by the joint venture are high-efficiency, variable speed mini-split, multi-split and VRF air conditioners and heat pumps for homes, light commercial and commercial applications.
Keijiro Hora has been named CEO and D. Andrew Kelso has been named chief financial officer. Hora has been with Mitsubishi Electric since 1981, most recently as president and CEO 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 each have equal ownership of Mitsubishi Electric Trane HVAC US.