Here’s the translation into American English:
Samsung Electronics announced today the acquisition of FläktGroup, a globally recognized provider of heating, ventilation, and air conditioning (HVAC) solutions, for a sum of €1.5 billion. This strategic move comes in the context of accelerated growth in the HVAC market, signaling Samsung’s intention to expand its presence in a sector deemed vital for the future.
TM Roh, interim head of the Device Experience (DX) Division at Samsung, noted that this purchase strengthens the company’s position as a leader in the HVAC field, enabling it to offer a comprehensive range of solutions to its customers. “We are committed to continuing to invest in the HVAC business, which we consider a key growth driver for the future,” emphasized Roh.
FläktGroup, headquartered in Herne, Germany, has over 100 years of experience in the industry and significant design capabilities, allowing it to provide customized solutions. Its HVAC systems are highly reliable and efficient, suitable for a diverse range of installations, from data centers that require constant cooling to museums and hospitals where environmental control is crucial.
The company has been recognized for its performance, especially in the data center sector, where its innovations have significantly reduced energy consumption, helping clients lower their carbon footprint. FläktGroup was recently awarded the Cooling Innovation of the Year at the DCS Cooling Awards.
Trevor Young, CEO of FläktGroup, expressed excitement about being part of Samsung, highlighting the strong foundation that the Korean company offers to accelerate its growth. FläktGroup has a diverse portfolio that includes over 60 major clients across sectors like pharmaceuticals, biotechnology, and food and beverage.
The HVAC market is poised for continued growth, driven by rising demand for innovative and energy-efficient solutions. The applied HVAC market is estimated to grow from $61 billion in 2024 to $99 billion in 2030, representing an annual growth rate of 8%. In the data center cooling segment, the projected rate reaches as high as 18% annually.
Meanwhile, Samsung has been strengthening its HVAC business, focusing on ductless systems, and has recently established a joint venture with Lennox International Inc. to consolidate its position in the North American market. The transaction is expected to close in 2025, opening new opportunities for growth and innovation in this sector.
via: MiMub in Spanish