Samsung and Lennox form joint venture for ductless HVAC in North America

Samsung Electronics and Lennox agreed to form a joint venture, Samsung Lennox HVAC North America, to sell ductless HVAC systems in the U.S. and Canada. Samsung will own 50.1% and Lennox 49.9%. The joint venture is expected to be operational in the second half of 2024.

“Samsung will own 50.1% of the joint venture, Samsung Lennox HVAC North America, and Lennox will own the remaining 49.9%.”omm.com

• 1 source
• omm.comO’Melveny Advises Samsung Electronics on Formation of Joint Venture with Lennox - O'MelvenyMay 30, 2024

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