Samsung to acquire German HVAC solutions provider FläktGroup for $1.68 billion
Published: 14 May. 2025, 09:06
![The Samsung Electronics in front of the company headquarters in southern Seoul on April 8 [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2025/05/14/5c2469c2-6e10-47da-bb7f-72d211532c82.jpg)
The Samsung Electronics in front of the company headquarters in southern Seoul on April 8 [YONHAP]
Samsung Electronics will buy all shares of German heating, ventilation and air conditioning (HVAC) solutions provider FläktGroup for 1.5 billion euros ($1.68 billion), marking the Korean manufacturer's jump into the global HVAC market.
"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," Roh Tae-mun, acting head of the device experience division at Samsung Electronics, said in a press release.
"Our commitment is to continue investing in and developing the high-growth HVAC business as a key future growth engine."
BY KIM MIN-YOUNG [[email protected]]
with the Korea JoongAng Daily
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