Samsung Electronics Company has announced that it has signed an agreement to acquire all shares of FläktGroup, a global HVAC solutions provider, for €1.5 billion from European investment firm Triton.
With the global applied HVAC market experiencing rapid growth, the acquisition reinforces Samsung’s commitment to expanding and strengthening its HVAC business.
“Through the acquisition of FläktGroup, an applied HVAC specialist, Samsung Electronics has laid the foundation to become a leader in the global HVAC business, offering a full range of solutions to our customers,” said acting head of device eXperience (DX) division at Samsung Electronics, TM Roh.
“Our commitment is to continue investing in and developing the high-growth HVAC business as a key future growth engine,” added Roh.
FläktGroup, based in Herne, Germany, has over a century of accumulated technological expertise and design capabilities, offering diverse products and solutions tailored to each customer.
FläktGroup supplies high-reliability and high-efficiency HVAC systems to a wide range of buildings and facilities, including data centers that require stable cooling, museums and libraries managing sensitive historical artifacts, airports and terminals with high foot traffic, and large hospitals where hygiene, temperature, and humidity control are critically important.
In the large-scale data center market globally, FläktGroup has secured high customer satisfaction through its product performance, reliability, and service support, achieving substantial revenue growth over the past three years.
FläktGroup’s data center solutions include its industry-leading liquid cooling and air cooling products, which have enabled customers to reduce energy consumption, contributing to achieving lower carbon footprint goals.
Last year, FläktGroup won the DCS Cooling Innovation of the Year Award at the DCS Cooling Awards, in recognition of its innovative and advanced technologies.
“We are extremely pleased that FläktGroup has become a part of Samsung Electronics. FläktGroup, as a global top-tier HVAC specialist with over a century of expertise, has been relied on by large global clients for its technological and product innovations,” said CEO of FläktGroup Trevor Young.
“Now, with Samsung Electronics’ global business foundation and investment, we expect to further accelerate our growth,” added Young.
Read also: Samsung Forest continues to thrive at Karura after eight years
In addition to data centers, FläktGroup has secured a diverse portfolio of over 60 large customers, including leading pharmaceutical companies, biotech, food and beverage firms, and gigafactories.
