Sabah - The electronics and electrical equipment manufacturing branch of Japanese Mitsubishi Group has announced the acquisition of Turkish company Klima Plus, its distributor for 10 years in the country.
The move aims at reinforcing the presence of Mitsubishi Electric in Türkiye’s air conditioning market, where demand for inverter-type equipment has begun to rise since the introduction of new energy regulations early this year.
With high GDP growth rates and the third largest population in Europe, Türkiye’s air conditioning market is expected to grow by 15 percent annually.
Daikin, another Japanese company active in the air conditioning business, acquired Turkish air conditioning company Airfer in 2011 to manufacture products in Türkiye for the domestic as well as surrounding markets.