International.
Mitsubishi Electric Corp., following the acquisition of approximately 74.97% of the shares of DeLclima S.p.A. de De'Longhi S.A. Industrial on December 23, 2015, launched a mandatory tender offer to acquire the remaining shares. Accordingly, Mitsubishi Electric has completed the acquisition of all remaining shares representing approximately 25.03% of the share capital and has achieved 100% ownership of DeLclima.
The total purchase price in relation to the acquisition of approximately 74.97% of the share capital of DeLclima de De'Longhi Industrial was €508 million, with a price per share of €4.5271. The total sum in relation to the mandatory tender offer was approximately €170 million, with a price per share of €4.5271. As a result, the total purchase price for 100% of the DeLclima shares amounted to approximately €677 million.
Mitsubishi Electric announced that it intends to rapidly realize synergies with DeLclima and strengthen its commercial HVAC business globally.
DeLclima designs, manufactures and markets commercial air conditioning equipment and refrigeration equipment for commercial, industrial, and IT use.
