Mitsubishi Electric Europe acquires Sweden based AQS PRODUKTER
By Akshay Kedari  Date: 2020-04-03

Mitsubishi Electric Europe acquires Sweden based AQS PRODUKTER

Mitsubishi Electric Corporation, a renowned air conditioning manufacturer, reportedly announced that the company’s European subsidiary, Mitsubishi Electric Europe, has purchased AQS PRODUKTER AB, a cooling as well as heat pump distributor based in Sweden.

AQS PRODUKTER, is a key player in the industry, selling commercial heat pump and cooling products for about 35 years with an excellent know-how and technical capabilities. Until recently, Mitsubishi Electric was particularly selling light commercial and residential products across Sweden from the Scandinavian branch of Mitsubishi Electric Europe.

AQS PRODUKTER has been the leading distributor of the heat pump and cooling products produced by Mitsubishi Electric Hydronics & IT Cooling Systems (along with brands RC and CLIMAVENETA), which was procured back in 2015. AQS also sells Panasonic air conditioning equipment but it is not clear yet if this acquisition would affect the agreement between these two companies.

Through this acquisition, Mitsubishi Electric is aiming to empower its commercial business across Sweden and also to strengthen the complete solution capabilities of Mitsubishi Electric Europe thereby gaining the advantage of the know-how of its new partner.

Itaru Watanabe, Branch President of Mitsubishi Electric Europe B.V in Scandinavia stated that the company welcomes AQS PRODUKTER to the Mitsubishi Electric Europe team. This is a thrilling opportunity for the company to expand and strengthen its offering on the Swedish industry. This acquisition would complement Mitsubishi’s existing portfolio and allow it to serve heavy market demand for energy-saving and innovative chiller technology even better.

Lately, residential air conditioners and hot-water heat pumps are gaining heavy demand across Sweden since people are trying to make significant efforts to tackle the global warming issue by saving energy. In addition, chillers are also being adopted in great numbers for commercial cooling systems throughout the Swedish market. Furthermore, massive data center expansion in Sweden has substantially surged the industry for IT cooling.

 

Source credit: https://www.coolingpost.com/world-news/mitsubishi-electric-buys-swedish-distributor/

About Author

Akshay Kedari    

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

Uber halts decision to shift APAC headquarters from Singapore
Uber halts decision to shift APAC headquarters from Singapore
By Akshay Kedari

Uber Technologies Inc., the American ride-hailing giant, has reportedly halted the company’s decision to relocate its Asia Pacific headquarters from Singapore to Hong Kong until December 2022. Sources cite that the company’s decision was...

PCI Pharma extends global clinical supply-chain services in Europe
PCI Pharma extends global clinical supply-chain services in Europe
By Akshay Kedari

U.S. based biopharmaceutical and pharma outsourcing services company, PCI Pharma services has reportedly announced that it reached a noteworthy milestone through the development of COE (Clinical Center of Excellence) in Berlin. According to credible...

Dassault to use Proxem’s AI solution to advance 3DEXPERIENCE platform
Dassault to use Proxem’s AI solution to advance 3DEXPERIENCE platform
By Akshay Kedari

French software company, Dassault Systèmes has recently revealed plans to enhance its 3DEXPERIENCE platform’s collaborative data science abilities, allowing customers to take advantage of their data patrimony by taking part in new v...

EvoNexus partners with Qualcomm to deploy 5G Incubator program
EvoNexus partners with Qualcomm to deploy 5G Incubator program
By Akshay Kedari

California-based technology startup incubator, EvoNexus has recently partnered with Qualcomm to launch its 5G incubator program. Reportedly, Qualcomm would function as a sponsor of this initiative to assist budding startups to build their 5G wireless...

University of California launches unified COVID-19 research data center
University of California launches unified COVID-19 research data center
By Akshay Kedari

The University of California Health has reportedly launched a secure and centralized database known as UC CORDS in a bid to accelerate COVID-19 research. Sources with the relevant information stated that researchers will gain access to around 460 mi...