Samsung acquires U.S. air conditioner distributor Quietside

Samsung acquires U.S. air conditioner distributor Quietside

PanARMENIAN.Net - Samsung Electronics Co Ltd said on Tuesday, Aug 19, it had acquired U.S. air conditioner distributor Quietside LLC as part of its push to strengthen its "smart home" business, Reuters reported.

It is the South Korean firm's second such acquisition within a week after it said on Friday it had purchased SmartThings, a U.S.-based platform developer which builds apps that allow users to monitor, control and automate devices at home.

So-called "smart homes" enable users to control multiple household appliances from a mobile device and are an area of increasing focus for technology companies like Samsung Electronics, the world's biggest maker of smartphones.

A Samsung Electronics spokesman said the South Korean company acquired 100 percent of Quietside, but declined to elaborate on the price or other details.

"Because air conditioning products are a necessity in all buildings, including homes and offices, this acquisition is expected to be of help to our future smart home business," Samsung Electronics said in a statement.

Samsung Electronics aims to become the world's top home appliances maker by 2015, ahead of Whirlpool Corp. Quietside, which has around 500 stores in the United States, sells air conditioners for homes and offices.

 Top stories
"These attacks again underline the fact that criminals will exploit any vulnerability in any system," said Sanjay Virmani.
If the companies had lost the case and damages were awarded, they could have tripled to some $9bn under U.S. antitrust laws.
11 EU interior ministers called on major Internet providers to swiftly report and remove material that could “incite hatred and terror.”
"We've checked and there's nothing wrong on our end," a Singapore-based spokesman for Google said in an email.
Partner news