Mitsubishi Electric Corporation has announced the completion of its acquisition of approximately 75% of the share capital of DeLclima S.p.A. on December 23, pursuant to the terms and conditions entered on August 25. The total purchase price is approximately €508 million. In compliance with Italian financial law, a mandatory tender offer will be launched in Italy by Mitsubishi Electric to acquire the remaining shares representing approximately 25% of the share capital of DeLclima. The per-share consideration will be €4.5271 and the total consideration in relation to the mandatory tender off er is expected to be approximately €170 million. DeLclima, established in December 2009, designs, manufactures and sells commercial HVAC equipment and cooling equipment for industrial and IT use. DeLclima’s subsidiaries include Climaveneta S.p.A. and RC Group S.p.A.