Samsung Electronics in acquisition mode
By HPAC MagazineGreen Technology HPAC General Building Controls Houses
Enters smart home market; buys Quietside HVAC
According to reports from Reuters, Samsung Electronics Co. Ltd. has acquired SmartThings, an open platform for the smart home and the consumer Internet of Things and Quietside HVAC. Quietside, which was founded in 1998 and is headquartered in California, imports and manages equipment sales to HVAC/R wholesale distributors throughout Canada and the U.S. In addition to its own brand, Quietside sells Samsung, Coaire and DVM S products.
Founded in 2012, SmartThings lets people monitor, control and automate their homes from wherever they are through a mobile app. Its open platform supports more than 1000 devices and 8000 apps created by its community of device makers, inventors and developers. The company will continue to operate independently under founder and CEO Alex Hawkinson. It will become part of the Samsung Open Innovation Center, which is responsible for bringing software and services innovation to Samsung Electronics. SmartThings will move its headquarters from Washington, DC to Palo Alto, CA.