Samsung to buy German cooling system maker FlaktGroup for $1.7bn

South Korean company aims to tap growing AI data center demand for cooling

Samsung said at a shareholder meeting in March that it was looking for "meaningful" deals this year to drive growth after lagging behind rivals in tapping the AI chip boom led by Nvidia.

May 14, 2025 16:42 JST

SEOUL (Reuters) -- Samsung Electronics 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 centers 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.