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International Elevator & Escalator, Inc. (IEE) began as a joint venture with Mitsubishi Electric Corporation. The company envisioned itself as a primary provider of first-class mechanical products and exceptional services for both commercial and residential buildings. IEE later launched its air-conditioning business and changed its corporate name to International Elevator & Equipment, Inc. (IEE). Over the years, IEE continued to expand its products and services. Today, IEE is part of the Mitsubishi Electric Corporation Group and has both Mitsubishi Electric Corporation and Mitsubishi Electric Building Solutions Corporation as its shareholders.