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Samsung Electronics America acquiring Dacor that makes Android-powered Ovens

Apart from manufacturing smartphones, the South Korean manufacturer Samsung is also known for its presence in the Home appliance market. They have a variety of offering in this segment ranging from Televisions, Refrigerators, Air Conditioners, etc. Now in an attempt to expand its presence even further, the company is now planning to acquire a new company which will aid them in the process.

Samsung Electronics America has announced that it is in the process of acquiring Dacor, a company which is famous for its Android Ovens. As crazy as it may sound, but it actually exists. They also make other home appliances and are good at what they offer. So now according to this new deal, Samsung will acquire Dacor, but it is reported that the identity and brand will not change. Also, Dacor will continue to hold its operations; it will be 100 percent owned by Samsung. As of now, we don’t have any other info on this acquisition.

Considering the fact that Samsung is already a major player in the market, this acquisition will only help them expand its business further. Dacor produces Ovens, Cooktops, Refrigerators, Ventilation hoods and wine storage, etc. It is the only company of this kind that has been recommended by the Master Chef of LE Cordon Bleu, Paris.

Note that the company has been very aggressive with this acquisition lately. Other recent acquisitions include Joyent Inc., a San Francisco-based cloud services company, in June, followed by SmartThings, a startup that helps connect home appliances to one another, for about $250 million. It also acquired LoopPay Inc., a developer of mobile payment technologies, for about $160 million.

With all these big names in their court, the company is definitely up for something. So don’t be surprised if every other service you use in future, end up being one of Samsung’s offering. Also in the smartphone market, the company recently launched the Galaxy Note 7. With that being said, stay tuned for more such information.

By Karthik Iyer on Friday 12th of Aug 2016


SOURCE Samsung
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