Samsung plans biggest foreign acquisition in eight years
Samsung Electronics is close to acquiring German company FlaktGroup Holding, which operates in the heating, ventilation and air-conditioning systems industry in office buildings and multi-family residential buildings.
FlaktGroup was established in 2016 after the British investment fund Triton Investments Advisers LLP acquired Flakt Woods Group and merged it with DencoHappel.
After several years of involvement, the fund decided to withdraw from this investment, looking for an industry investor interested in modern technical solutions for HVAC (Heating, Ventilation and Air Conditioning) systems.
The transaction is valued at $1.5-2 billion, which means that it could be the largest foreign acquisition for Samsung Electronics in eight years.
FlaktGroup operates in the rapidly growing European market. In addition to cost-effective solutions for office buildings, hotels and homes, it also offers cooling systems for data centers.
Last year, global spending in the HVAC segment was estimated at USD 310 billion.
Journalist, graduate of political science at the Faculty of Law and Administration of the Jagiellonian University. Associated with the media for over 40 years. After graduating in 1982, he worked in the editorial offices of "Gazeta Krakowska" and "Kurier Polski". Member of the editorial team of "Przegląd Techniczny". He published texts in "Student", "Przekrój", "Życie Literackie". Since the economic and political changes, for over 20 years associated with the Reuters agency as a correspondent in Krakow. For the next three years, he conducted practical classes with students at the Institute of Journalism, Media and Social Communication of the Jagiellonian University. Since December 2021, he has joined the PTWP Group and works on the WNP.PL portal. His main professional interests are economics and politics at the global level and the participation of Polish business in this, especially companies listed on the Warsaw Stock Exchange. Winner of the "Ostrego Pióra" award, granted for "spreading economic education" by the BCC, as well as the Golden Pear - a journalistic award of the Małopolska Branch of the Association of Journalists of the Republic of Poland.
wnp.pl
