A Samsung Group Flutters Flutters for the Seocho building of the company in Seoul.
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Samsung Electronics On Wednesday he announced that it would take over all the shares of the German Fläktgroup to the leading supplier of heating and cooling solutions, for 1.5 billion euros ($ 1.68 billion) of the European investment company Triton.
Samsung said that the acquisition helped to expand it in the heating, ventilation and air conditioning activities when the market is experiencing rapid growth.
“Our commitment is to continue investigating and developing the fast-growing HVAC activities as an important future growth motor,” said TM Roh, acting head of the DeVice Experience (DX) Division at Samsung Electronics.
The acquisition of Fläktgroup is to strengthen the position of Samsung in the HVAC market against rivals such as LG electronics.
Fläktgroup supplies heating, HVAC solutions to a wide range of buildings and facilities, where data centers are noticed that requires a high degree of stable cooling. Samsung said it anticipates the growth of data centers, the demand for data center because of the proliferation of generative AI, robotics, autonomous driving and other technologies.
Fläktgroup has more 60 large customers, including leading pharmaceutical companies, biotech and food and beef companies and gigafactories, according to Samsung’s statement.
Samsung said in March that his HVAC solutions had had the annual revenue growth with double digits in the last five years and that the company stimulated by more than 30% by more than 30% in 2025.
The acquisition and focus of Samsung on HVAC is amidst struggles in other business segments, resulting in weak income and heels prices in the past quarters.
The company has fallen behind SK Hynix That you had posted yourself better to take advantage of the question by AI.
Samsung has also had to deal with fierce competition from TSMC in its contract chipping activities, as well as from Apple and Chinese smartphone rivals in recent years.
In March, Samsung Co-COO Han Jong-hee apologized to shareholders and said that the company was looking for “meaningful” mergers and acquisitions to stimulate growth.
