Samsung Acquires FlktGroup for $1.6B

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Samsung

CNBC

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Technology

Samsung Electronics to acquire heating and cooling solutions provider FläktGroup for 1.5 billion euros

Summary

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84% Informative

Samsung said the acquisition would reinforce its commitment to its heating, ventilation and air conditioning business as the market experiences rapid growth.

FläktGroup supplies heating, HVAC solutions to a wide range of buildings and facilities, notably data centers.

Samsung said it anticipates sustained growth in data center demand due to proliferation of generative AI , robotics, autonomous driving.

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formal

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English

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not offensive