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.

It is the largest acquisition of the South Korean firm in eight years since the purchase of Harman International. The German company supplies high-efficiency HVAC systems to critical facilities such as data centers, hospitals, airports and museums.

Korea to buy German heating and cooling specialist FläktGroup Holding GmbH, a sector that is expanding rapidly amid the boom in AI development

Deal Roundup: Triton sells FläktGroup to Samsung in €1.5bn deal, Corinthian Capital buys into Trimlight

Triton has agreed to sell its shares in FläktGroup, a European specialist in energy-efficient ventilation and precision-cooling solutions, to Samsung Electronics for €1.5bn. The post Deal Roundup: Triton sells FläktGroup to Samsung in €1.5bn deal, Corinthian Capital buys into Trimlight appeared first on AltAssets Private Equity News.