# 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.

- Type: Acquisition
- Announced: 2024-05-28
- Where: United States
- Status: announced
- Products: ductless HVAC systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Lennox](https://endata.com/companies/328.md) (partner)
- [Samsung Electronics](https://endata.com/companies/647.md) (partner)
- [Samsung Lennox HVAC North America](https://endata.com/companies/77721.md) (target)

## Sources

- [omm.com](https://www.omm.com/news/press-releases/o-melveny-advises-samsung-electronics-on-formation-of-joint-venture-with-lennox/), 2024-05-30: "Samsung will own 50.1% of the joint venture, Samsung Lennox HVAC North America, and Lennox will own the remaining 49.9%."

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