Mitsubishi Heavy Industries is to enter the air-to-water heat pump market after confirming a deal with Swedish manufacturer NIBE.
The two companies have signed a business collaboration agreement regarding joint product development.
This will allow them to develop energy efficienct units combining Mitsubishi Heavy Industries DC inverter technology for outdoor units developed by its air-conditioner business and NIBE's hot water supply technology.
Mitsubishi Heavy Industries plans to target the residential heating and hot-water supply market in western and northern Europe.
The two companies will market their products under their own brand names through their respective sales networks.
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