Mitsubishi Electric Corporation, following the acquisition of approximately 74.97% of the share capital of DeLclima S.p.A. from De’Longhi Industrial S.A., had launched a mandatory tender offer and squeeze-out in order to acquire the remaining shares. Mitsubishi Electric has completed its acquisition of the remaining shares. It aims to swiftly realize synergies with DeLclima and strengthen its commercial HVAC business globally. Meanwhile, Mitsubishi Electric has changed the name of DeLclima to MELCO Hydronics and IT Cooling.