Samsung plans to aggressively develop its presence within the fast-growing HVAC market, with concentrate on information heart cooling options
Samsung Electronics at present introduced that it has signed an settlement to accumulate all shares of FläktGroup, a number one international HVAC options supplier, for €1.5 billion from European funding agency Triton. With the worldwide utilized HVAC market experiencing fast progress, the acquisition reinforces Samsung’s dedication to increasing and strengthening its HVAC enterprise.
“Through the acquisition of FläktGroup, an applied HVAC specialist, Samsung Electronics has laid the foundation to become a leader in the global HVAC business, offering a full range of solutions to our customers,” mentioned TM Roh, Acting Head of the Device eXperience (DX) Division at Samsung Electronics. “Our commitment is to continue investing in and developing the high-growth HVAC business as a key future growth engine.”
FläktGroup, based mostly in Herne, Germany, has over a century of gathered technological experience and design capabilities, providing various merchandise and options tailor-made to every buyer. FläktGroup provides high-reliability and high-efficiency HVAC methods to a variety of buildings and amenities, together with information facilities that require secure cooling, museums and libraries managing delicate historic artifacts, airports and terminals with excessive foot site visitors, and enormous hospitals the place hygiene, temperature and humidity management are critically essential.
In the large-scale information heart market globally, FläktGroup has secured excessive buyer satisfaction by its product efficiency, reliability and repair help, reaching substantial income progress over the previous three years. FläktGroup’s information heart options embody its industry-leading liquid cooling and air cooling merchandise, which have enabled prospects to cut back power consumption, contributing to reaching decrease carbon footprint targets.
Last yr, FläktGroup gained the DCS Cooling Innovation of the Year Award on the DCS Cooling Awards, in recognition of its modern and superior applied sciences.
“We are extremely pleased that FläktGroup has become a part of Samsung Electronics. FläktGroup, as a global top-tier HVAC specialist with over a century of expertise, has been relied on by global large clients for its technological and product innovations,” mentioned Trevor Young, CEO of FläktGroup. “Now, with Samsung Electronics’ global business foundation and investment, we expect to further accelerate our growth.”
In addition to information facilities, FläktGroup has secured a various portfolio of over 60 giant prospects, together with main pharmaceutical firms, biotech and meals and beverage companies, and gigafactories.
Samsung Investing in HVAC Business as Key Growth Engine
The HVAC {industry} is anticipated to proceed rising with demand for modern and energy-efficient options that enhance air high quality and management temperature and humidity to offer consolation and security. Samsung will proceed to put money into the HVAC enterprise and has not too long ago made acquisitions and investments throughout robotics, medical know-how and the buyer audio sectors as a part of its dedication to develop into new progress companies.
According to some market analysis forecasts, the utilized HVAC market is projected to develop from $61 billion in 2024 to $99 billion by 2030, at an annual progress fee of 8%, whereas the info heart cooling market is anticipated to develop at a quicker tempo at an annual progress fee of 18%. The information heart phase particularly has excessive entry limitations, requiring international provide expertise and the flexibility to current optimum designs and options for patrons.
In its acquisition of FläktGroup, Samsung anticipates sustained progress in information heart demand as a result of proliferation of generative AI, robotics, autonomous driving, XR and different applied sciences.
In addition, Samsung’s constructing integration…
