Samsung Electronics has agreed to buy Germany’s FlaktGroup in what would be the South Korean company’s biggest acquisition in eight years, amid growing demand for AI data-center cooling.

SEOUL (Reuters) - Samsung Electronics said on Wednesday it had agreed to buy Germany's FlaktGroup for 1.5 billion euros ($1.68 billion) as it looks to meet growing demand for cooling of data ...

“Through the acquisition of FlaktGroup, 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 ...

FlaktGroup makes heating, ventilation, and air conditioning (HVAC) systems for a wide range of buildings and facilities, including data centres that require stable cooling, Samsung said. “In its ...

Investors expecting bigger deals involving Samsung's cash-cow chip business might feel underwhelmed by the FlaktGroup announcement, analysts said. "This acquisition is more about reinforcing its ...

Samsung Electronics 0059301.18%increase; green up pointing triangle has agreed to buy Germany’s FlaktGroup in what would be the South Korean company’s biggest acquisition in eight years ...