Business, Investments

Samsung Acquires Air Conditioner Firm Quietside to Add to its Smart Appliances Family

To strengthen its ‘smart home’ business, Samsung Electronics Co Ltd has acquired US air conditioner firm, Quietside yesterday, for an undisclosed amount, reports Economic Times. The South Korean company has acquired 100 per cent of Quietside, said a Samsung Electronics spokesman, but didn’t disclosed the price and other details.

‘Smart Home’ is an area to increase focus on technology company as well as allows users to control multiple household appliances from a mobile device.

With in a week, this was the second acquisition by the company, as on Friday Samsung had acquired SmartThings, an app developer platform allows users to monitor and control domestic affairs when they are out of their home.


Also Read: Samsung Introduces Remote Test Lab for the Upcoming Tizen-based Smartphone Samsung Z

“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’s aims to become the world’s top home appliances maker by 2015.

Launched in 1998, Quietside sells air conditioners for homes and offices having around 500 stores in the United States.

“Quietside and Samsung are proud to bring you some of the most technologically advanced, energy efficient and green Heating, Air Conditioning and Hot Water making units in the world,”  the company mentioned on its Home page.

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