Japan, Nov. 14 -- Mitsubishi Electric Corporation announced that its wholly owned subsidiary Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. (MEHITS), headquartered in Bassano, Italy, has reached an agreement with BITZER Kuhlmaschinenbau GmbH (BITZER), a German manufacturer specializing in compressors and refrigeration components, to establish a joint venture focused on developing compressors for applied HVAC and IT cooling systems.The new company, BITZER MEHITS Advanced Solutions GmbH, will be based at BITZER's factory in Rottenburg am Neckar, Germany. By combining the technologies and expertise of both companies, the joint venture will strengthen development capabilities for compressors used in applied HVAC and IT cooling equipm...