Mitsubishi Electric Corporation announced this month that its local subsidiary Mitsubishi Electric Turkey A.Ş. has completed the integration of its former air conditioning distributor Klima Plus, acquired earlier this year. The move will strengthen Mitsubishi Electric's market share in the region as the business evolves to fully incorporate Klima Plus into the fold.
As of June 2014, Mitsubishi Electric Turkey now comprises of two business units, the Factory Automation Systems business and the Air Conditioning business with a projected annual turnover of approximately 270 million Turkish Lira in 2015.
Masahiro Fujisawa, President, Mitsubishi Electric Turkey comments: "The completion of the Klima Plus integration is a great step forward for us, providing us with additional opportunities in the market. We have experienced strong growth over the last year and this will serve to further strengthen our position as well as affirm our commitment to the region."
Mitsubishi Electric's existing infrastructure related businesses already available in the Turkish market such as satellites, lifts, escalators, transportation and power systems are all set to benefit.