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Platform formation Jul 2024 · U.S. and Canada Verified

Samsung and Lennox form ductless HVAC joint venture

Samsung and Lennox agreed to form a joint venture to sell ductless HVAC systems in the U.S. and Canada, with Samsung owning 50.01% and Lennox the remainder, marketed as 'Lennox powered by Samsung.'

“Samsung and Lennox have agreed to form a joint venture to sell ductless HVAC systems in the U.S. and Canada.”

Entities

HVAC
Source: Plumbing & HVAC, Jul 2024, p.51 (OCR)

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. Magazine signals are transcribed via OCR and cite the print issue and page. See our methodology and legal notes.