Samsung Acquires U.S. Air Conditioner Company

kpopluv, Aug. 20, 2014, 11:02 p.m.

Samsung Electronics has acquired U.S. based air conditioning company Quietside.  Samsung declined to give further details including the price but some reports estimated the deal to be worth US$24 million.

Samsung says the deal is expected to help expand its distribution channels in the North American market and will create synergy in its new territory.  Last week Samsung purchased another U.S.-based firm called SmartThings, a platform developer which develops applications that monitor, control and automate devices at home.

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