Samsung Electronics to buy FläktGroup for 1.5bil euro

Samsung Electronics to buy FläktGroup for 1.5bil euro

SEOUL: Samsung Electronics said on Wednesday that it has agreed to acquire all shares of FläktGroup, a German maker of air conditioning and heating systems, for 1.5 billion euro ($1.68 billion) from European investment firm Triton. © New Straits Times Press (M) Bhd

Samsung Electronics acquires German ventilation firm FlaktGroup Holding

Samsung Electronics said Wednesday it has acquired FlaktGroup Holding GmbH, a Germany-based ventilation company, for 1.5 billion euros ($1.68 billion), marking its largest takeover in about eight years. The company has signed an agreement with European investment firm Triton to take over the German heating, ventilation and air-conditioning (HVAC) company, according to Samsung Electronics. This is the South Korean tech giant's most significant ac…

Samsung in Talks to Buy FläktGroup in $1.5 Billion-Plus Deal

Samsung Electronics Co. is closing in on an agreement to buy FläktGroup Holding GmbH, acquiring the European heating and cooling specialist in its biggest overseas takeover in eight years.

Samsung Strengthens Its Grip on HVAC Market with €1.5 Billion Acquisition of Germany’s FläktGroup

Samsung Moves to Expand in High-Growth HVAC Market Samsung Electronics has announced its largest acquisition in eight years, revealing plans to acquire German-based FläktGroup for 1.5 billion euros ($1.68 billion) from European investment firm Triton. The move highlights Samsung’s strategic pivot toward expanding its presence in the heating, ventilation, and air conditioning (HVAC) industry, which is experiencing a surge in global demand, especi…

channelnews : Samsung Buys German Cooling Specialist FlaktGroup For A$2.48bn

Samsung Electronics is to acquire German HVAC specialist FläktGroup for €1.5 billion (A$2.48 billion) in a move aimed at strengthening its foothold in the fast-growing data centre cooling market amid surging demand driven by AI technologies. The acquisition, Samsung’s largest since its $8 billion Harman deal in 2017, will see the South Korean company purchase FläktGroup from European private equity firm Triton. The deal is expected to close by t…

Samsung's acquisition of FläktGroup is intended to strengthen its position in the rapidly growing air conditioning technology market.