Mitsubishi Electric Europe BV has announced that it has concluded an agreement with Irish air-conditioning installation and maintenance company, Crystal Air Holdings Limited, to acquire all of the shares in the company.
Crystal Air’s sector expertise paired with its installation and maintenance capabilities will boost Mitsubishi Electric’s strategic business offering and ensure the company is well positioned to respond to increased demand in IT cooling and data centre solutions across Europe.
The acquisition of Crystal Air follows Mitsubishi Electric’s establishment of Mitsubishi Electric Hydronics & IT Cooling Systems SpA (MEHITS), which specialises in applied air-conditioning solutions for comfort, process, and IT cooling.
Shinji Kurita, CEO and President, MEU, explains: “Through the establishment of MEHITS, and now with the acquisition of Crystal Air, we have created a strong platform to meet the growing demand in the data centre sector. By integrating our traditional HVAC products with advanced applied solutions and a comprehensive service and maintenance capability, we have significantly enhanced our offering to drive business growth and strengthen our presence in the data centre market.”
Ciaran Moody, Branch President, Mitsubishi Electric Europe BV Irish branch, says: “We in Ireland take immense pride in our business solutions partners, and we are particularly proud of Crystal Air’s success in delivering their exceptional expertise to the European market, especially their proven excellence in the data centre sector. This acquisition aligns seamlessly with our pan-European strategy to offer a comprehensive suite of services, including product supply, installation, and maintenance. We believe our strategy is fully aligned with the evolving needs and expectations of data centre owners and operators.”
Domnick Ward, President, Crystal Air, explains: “Combining Mitsubishi Electric’s manufacturing and product expertise with our specialised knowledge positions us uniquely in the market. This partnership enables us to capitalise on growth opportunities and further strengthen our presence in the European data centre sector.”
The acquisition, which was completed on 18 December 2024, is subjecCrytal Airt to approval by the Irish Competition and Consumer Protection Commission.
