Samsung is making a major move into the fast-growing global HVAC market by acquiring FlaktGroup, Europe’s largest air conditioning equipment company. On May 14, Samsung signed a deal to buy full shares of FlaktGroup from Triton for €1.5 billion.
FlaktGroup, headquartered in Herne, Germany, brings over a century of technological expertise in providing high-efficiency HVAC systems. It makes reliable and energy-efficient cooling and air systems for many types of buildings, such as hospitals, data centers, airports, museums, and factories.
These systems help control temperature, humidity, and air quality, which are important for safety and comfort. Last year, it was awarded the DCS Cooling Innovation of the Year for its contributions to advanced cooling solutions.
Now, Samsung is acquiring FlaktGroup to expand its fast-growing data center cooling market. Data centers, which store and process large amounts of data, need powerful and efficient cooling systems to run safely. FlaktGroup’s cooling products help reduce energy use and support companies’ environmental goals.
Samsung also plans to combine its smart building system (b.IoT) with FlaktGroup’s control system (FläktEdge). Together, they can offer complete solutions for managing air systems and saving energy in buildings.
The HVAC market is growing quickly. Research says it could increase from $61 billion in 2024 to $99 billion by 2030. The data center cooling segment of the market is growing even faster, at 18% each year, due to new technologies like AI and robotics.
In addition to this, Samsung has also made other moves to grow in this area. Back in May 2024, it formed a partnership with Lennox International to sell more HVAC products in North America.In addition to this, Samsung has also made other moves to grow in this area. Back in May 2024, it formed a partnership with Lennox International to sell more HVAC products in North America.
