Samsung Electronics Co. Enters Competition to Acquire Johnson Controls International's HVAC Assets

Tech leader Samsung is vying for Johnson Controls' residential and light commercial HVAC business, valued at over $6 billion. This potential acquisition, Samsung's first major buy in seven years, would mark a significant push into the rapidly growing HVAC market. Johnson Controls is offloading its US operations and a stake in its Hitachi joint venture, seeking to streamline its offerings. If successful, the deal would propel Samsung into a new market segment with promising growth potential.

Source: KED Global