LG Electronics and Siemens have signed a memorandum of understanding with Siemens on developing and supplying commercial air-conditioning systems for buildings. With this MOU, the two companies will cooperate on developing system control solutions.
“The partnership will generate a win-win effect by combining LG’s world-leading capability to produce home air conditioners and Siemens’ know-how in providing services for commercial systems. We anticipate expanding and diversifying the range of our customers in the global market,” an LG staffer said.
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