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LG and Siemens in global HVAC deal

A deal has been struck between LG Electronics and Siemens to work collaboratively to strengthen their positions in the global commercial air conditioning market

The companies announced on Sunday a ‘Memorandum of Understanding’ (MOU) that means they will work closely to develop integrated building management solutions for the commercial sector.

An LG spokesperson said: “Under the MOU, Siemens will become a strategic supplier for LG, providing its integrated building management solution for Heating, Ventilating and Air Conditioning (HVAC) products.

“This will allow LG to leverage Siemens’ field engineering know-how and strategies in building management and control solution, an area where Siemens possesses top-notch technology.

“LG has applied its unparalleled technology and aggressive marketing to make it a leader in the global commercial air conditioning industry.

“LG believes that cooperating with Siemens will reinforce its global leadership in the commercial air conditioning sector, helping it offer more advanced products and services that set it apart from competitors.”