(Bloomberg) -- Samsung Electronics Co. has agreed to buy FläktGroup Holding GmbH for €1.5 billion ($1.7 billion), acquiring the European heating and cooling specialist in its biggest overseas takeover ...
Samsung is set to pay €1.5 billion ($1.68bn) to acquire air cooling systems vendor FläktGroup. Germany-based FläktGroup provides HVAC cooling technology and CDUs to data centers and other large ...
FläktGroup is closing a highly successful 2023 and is appointing Trevor Young as Chief Executive Officer and Dave Dorney as Chief Sales Officer HERNE, Germany, Feb. 13, 2024 /PRNewswire/ -- FläktGroup ...
Swedish heating specialist FläktGroup has unveiled a switchable heat pump for commercial applications. The company said its new FGAH-AH heat pump is an ideal solution for offices, shops, hotels and ...
Triton Partners believes that there is still plenty of opportunity in the data center service provider sector, Michael Gahleitner, managing partner and co-head of industrial technology, told PE Hub.
This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter. Samsung Electronics last week announced it ...
Samsung Electronics (OTCPK:SSNLF) is acquiring European heating and cooling products provider FläktGroup for €1.5B, equivalent to an enterprise value of €1.8B. On Tuesday, it was reported that Samsung ...
Morning all, Craig McGlashan here with the Europe Wire from the London newsroom. We’re taking a deep dive into the world of data centers this morning. Triton Partners’ Michael Gahleitner walks us ...
Samsung Electronics on Wednesday announced that it would acquire all shares of German-based FläktGroup, a leading heating and cooling solutions provider, for 1.5 billion euros ($1.68 billion) from ...
The transaction, first reported by Bloomberg News, signals Samsung’s return to a more acquisitive mode, a shift intended to revive flagging growth across a business that spans chipmaking, appliances ...
+41.2% growth in normalized EBITDA vs last year 82% Cash Conversion* and a significant reduction of net leverage down to 3 times * Critical Applications business making further progress with 136% ...
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