# Samsung and Lennox form HVAC joint venture

Samsung and Lennox signed an agreement to form a joint venture, Samsung Lennox HVAC North America, to sell ductless AC and heat pump products in the United States and Canada. Samsung owns 50.1% and Lennox 49.9%.

- Type: Partnership
- Announced: 2024-05-28
- Where: Texas, United States
- Status: announced
- Products: ductless AC, heat pumps, mini-split, multi-split, VRF systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Samsung Electronics](https://endata.com/companies/647.md) (partner)
- [Samsung](https://endata.com/companies/5951.md) (partner)
- [Lennox International](https://endata.com/companies/28657.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/samsung-and-lennox-announce-the-establishment-of-a-joint-venture-for-ductless-mini-split-ac-heat-pump-and-variable-refrigerant-flow-hvac-systems-in-the-united-states-and-canada-302156361.html), 2024-05-28: "This joint venture represents the union of two outstanding brands with strong market positions and deep customer trust."
- [kedglobal.com](https://www.kedglobal.com/electronics/newsView/ked202405280017), 2024-05-28: "The new joint venture will begin operations in Texas in the second half of this year."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.