Announced

Completed

Mitsubishi Electric-backed MEHITS completed the acquisition of a minority stake in Intramech.

Synopsis

Mitsubishi Electric-backed MEHITS, a Mitsubishi Electric Group company specializing in applied air conditioning solutions for comfort, process & IT cooling, completed the acquisition of a minority stake in Intramech, a supplier of commercial and industrial air conditioning, cooling, and heating equipment. Financial terms were not disclosed. Data center construction is increasing worldwide, including in Africa, leading to a growing demand for IT cooling. By deepening its relationship with Intramech, a company with strengths in sales, service and engineering in southern Africa, Mitsubishi Electric expects to expand both companies’ know-how as well as enhance its own one-stop service capabilities for applied HVAC and IT cooling systems. Together, they will offer one-stop services, including design-related technical support, sales, installation, operation and maintenance, across southern Africa.

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MergerLinks - Mitsubishi Electric-backed MEHITS completed the acquisition of a minority stake in Intramech.