Samsung Electronics said on the 6th that it completed the acquisition process of FläktGroup, Germany's largest HVAC company in Europe.
Samsung Electronics in May signed a deal to acquire 100% equity of FläktGroup for 1.5 billion euros (about 2.48 trillion won).
Founded in 1918, Fläkt is a heating, ventilation and air conditioning (HVAC) company specializing in cooling solutions for data centers, factory clean rooms, and industrial and residential buildings. Its annual revenue exceeds 700 million euros, and it has more than 10 global production bases and sales and service networks across Europe, the Americas, the Middle East, and Asia.
Samsung Electronics plans to use this acquisition to make a full-fledged entry into the central HVAC market, which is expanding with the surge in AI data centers. AI data centers must process massive data in real time around the clock, resulting in high power consumption and making thermal management (cooling) essential. The data center HVAC market is expected to reach $44.1 billion (about 62 trillion won) by 2030, with an average annual growth rate of 18%.
Samsung Electronics will combine Fläkt's high-precision HVAC control systems with Samsung Electronics' AI-based integrated building control platform to seek new opportunities in smart buildings and energy efficiency. In particular, it will actively respond to domestic hyperscale data center HVAC demand to emerge as a top-tier supplier in next-generation data centers.
It will also expand sales and service capabilities in global markets such as North America and Europe, where there is strong demand for large-scale industrial HVAC for factories, hospitals, and bio facilities.
Fläkt, together with leading global data center corporations, develops and supplies equipment and solutions for AI data centers that encompass air cooling and liquid cooling. It is also participating in the "Stargate" program, a project to build ultra-large AI infrastructure. It operates subsidiaries such as "Woods," which provides ventilation for tunnels, ships, and defense, "Semco," which handles air conditioning and flow solutions, and "SE-Elektronic," an automation-based building control specialist.
Roh Tae-Moon, acting head of the Device eXperience (DX) Division at Samsung Electronics, said, "The acquisition of Fläkt is a strategic decision for Samsung Electronics to lead the global HVAC market and provide innovative solutions to customers," adding, "By combining Fläkt's technological capabilities with Samsung Electronics' AI platform, we will move forward as an industry-leading company in the global HVAC market."
Samsung Electronics will keep Fläkt's brand after the acquisition and allow the existing management and employees to operate as an independent subsidiary, continuing Fläkt's expertise and brand identity.