Acquires 100% stake worth KRW 2.5 trillion Accelerates entry into data center cooling market
Samsung Electronics has completed the acquisition of Germany's FläktGroup, the largest HVAC company in Europe. The company plans to expand its business by selecting the HVAC sector, which has emerged as a key area in the AI era, as a future growth engine.
On the 6th, Samsung Electronics announced that it had finalized the procedure to acquire 100% of Fläkt's shares held by the UK-based private equity fund (PEF) Triton for EUR 1.5 billion (approximately KRW 2.5 trillion). For Samsung Electronics, this is the first trillion-won-level merger and acquisition (M&A) in eight years since the acquisition of Harman in 2017 (USD 8 billion, KRW 9.2 trillion at the time of acquisition).
Fläkt is a company with over 100 years of history, providing central air conditioning and precision cooling for data centers, large commercial facilities, and hospitals in the global market, including Europe. It is also participating in the 'Stargate' project, a global large-scale AI infrastructure construction initiative led by OpenAI.
Samsung Electronics plans to develop HVAC solutions by utilizing Fläkt's key infrastructure and network, including production and sales bases, and gradually combine the products and services of both companies to enhance synergy. In particular, the company aims to strengthen its business-to-business (B2B) competitiveness by entering the central air conditioning market for AI data centers, which has been rapidly increasing recently.
AI data centers process vast amounts of data in real-time 24 hours a day, resulting in high power consumption. Therefore, the importance of HVAC technology is further emphasized. According to Fortune Business Insights, the global data center cooling market is expected to grow from USD 16.84 billion (approximately KRW 24 trillion) last year to USD 42.48 billion (approximately KRW 61 trillion) by 2032.
Lee Dong-hoon
AI-translated with ChatGPT. Provided as is; original Korean text prevails.
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