Samsung Electronics will acquire FlktGroup for 1.5 billion euros, making it their largest overseas acquisition in eight years.

Samsung Electronics reaches agreement to acquire German heating and cooling company FlktGroup Holding GmbH for 1.5 billion euros, marking the company's largest overseas acquisition in eight years. Samsung Electronics announced that it has reached an agreement with Triton Investment Advisers LLP to acquire all shares of FlktGroup. Following the announcement, Samsung's stock price rose 1.1% in pre-market trading. This acquisition will help Samsung enhance its competitiveness in the rapidly growing heating, ventilation, and air conditioning market, as the development of artificial intelligence has led to a sharp increase in demand for data center cooling.