Samsung Electronics to get Fläktgroup for 1.5 billion euros

Samsung Electronics Wednesday Declare It will get all the German -based Fläktgroup shares, and is a pioneering provider in heating and refrigeration solutions, for 1.5 billion euros ($ 1.68 billion) from the European Investment Company TRITON.

Samsung said the acquisition will help her expand heating, ventilation and air conditioning because the market is tested quickly.

“Our commitment is to continue investing in and developing high -growth HVAC business as a major growth engine in the future,” said TM ROH, Acting Head of Device Experience Division (DX) at Samsung Electronics.

The acquisition of Fläktgroup strengthens the Samsung site in the HVAC market against competitors such as LG Electronics.

Fläktgroup provides heating and HVAC solutions for a wide range of buildings and facilities, especially data centers that require a high degree of stable cooling. Samsung said it expects continuous growth in the demand for the data center due to the spread of obstetric intelligence, robots, self -judgment and other technologies.

Fläktgroup includes more than 60 major customers, including leading pharmaceutical companies, biotechnology, food, beverages, and GigaFactors, according to Samsung.

Samsung He said in March HVAC solutions have achieved annual growth of two numbers over the past five years, and that the company aims to increase revenues by more than 30 % in 2025.