Samsung to Acquire German Cooling Systems Maker FlaktGroup (~€1.5 B)

Samsung struck its largest deal since 2017— Samsung Electronics (005930.KS), opens new tab said on Wednesday it had agreed to buy Germany's FlaktGroup for 1.5 billion euros ($1.68 billion) as it looks to meet growing demand for cooling of data centres used for artificial intelligence projects.
In the South Korean company's biggest acquisition in eight years, it will purchase the air conditioning and heating systems maker from private equity group Triton. The deal should close within 2025.