// IP Marketing video - START// IP Marketing video - END

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
Twitter plans to air live video 24 hours a day, 7 day a week inside its apps and desktop site, Anthony Noto ha said.
Jeff Norris led efforts to create new ways to control spacecraft and robots in space with virtual and augmented reality.
The technology is being developed by Facebook’s Building 8 research group, led by ex-DARPA director group Regina Dugan.
People can leave comments, Like things, save media, or unfollow people — all of which will go through when they reconnect.
Partner news