Samsung forms joint venture with Lennox in the US, Canada

Samsung and Lennox are forming a joint venture to sell ductless HVAC systems in the US and Canada. The company is collaborating with Lennox, which is a leading provider of innovative climate solutions in the HVACR industry.

SmartThings AI

The Korean tech giant aims to leverage its leadership in AI, software, smartphones, and semiconductors to provide more smart home services through the easy connection of Samsung SmartThings devices.

With SmartThings Energy, users can monitor overall energy consumption within the home, while SmartThings Energy’s AI Energy mode helps save energy consumption of connected home appliances.

“We are pleased to have entered into a long-term collaboration with Lennox to lead the air conditioning market,” said Choi Kyung-sik, president of Samsung Electronics North America.

The joint venture will distribute Samsung ductless products in United States and Canada as well as “Lennox powered by Samsung”-branded products for Lennox, which will be sold through Lennox stores and direct-to-dealer network.

Samsung believes the joint venture will help it strengthen its position in the North American HVAC market. Samsung will own 50.1% of the joint venture, Samsung Lennox HVAC NA, and Lennox will own 49.9%.