Samsung to acquire FläktGroup from Triton

Herne, 14 May, 2025 - Funds advised by Triton have signed an agreement to sell all shares of FläktGroup, a European market leader in energy-efficient ventilation and precision-cooling solutions, to Samsung Electronics Co, Ltd. for €1.5 billion (equivalent to an enterprise value of €1.8) billion. The transaction is subject to customary regulatory approvals and closing conditions and is expected to close within 2025.

FläktGroup was formed in October 2016 through the merger of DencoHappel, previously part of the Galapagos group, a Triton Fund IV investment, with the newly acquired FläktWoods. Under Triton’s ownership, the company has been transformed into a European market leader in air technology, delivering best-in-class, innovative and energy-efficient solutions to ensure comfort, safety and performance for its customers, whilst reducing their carbon footprint.

Trevor Young, CEO of FläktGroup says: “In partnership with Triton, we have implemented the right strategy to create new growth opportunities, establishing FläktGroup not only as a technology leader but also as an employer of choice in the HVAC sector. We would like to thank the Triton team for their valuable support and cooperation throughout their investment. We look forward to partnering with Samsung to extend FläktGroup’s leadership and deliver even greater value to our customers.”

With the global applied HVAC market experiencing rapid growth, the acquisition reinforces Samsung’s commitment to expanding and strengthening its HVAC business.

"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," said 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 in Herne, Germany, has over a century of accumulated technological expertise and design capabilities, offering diverse products and solutions tailored to each customer. FläktGroup supplies high-reliability and high-efficiency HVAC systems to a wide range of buildings and facilities, including data centers that require stable cooling, museums and libraries managing sensitive historical artifacts, airports and terminals with high foot traffic, and large hospitals where hygiene, temperature, and humidity control are critically important.

In the large-scale data center market globally, FläktGroup has secured high customer satisfaction through its product performance, reliability, and service support, achieving substantial revenue growth over the past three years. FläktGroup’s data center solutions include its industry-leading liquid cooling and air cooling products, which have enabled customers to reduce energy consumption, contributing to achieving lower carbon footprint goals.

Last year, FläktGroup won the DCS Cooling Innovation of the Year Award at the DCS Cooling Awards, in recognition of its innovative and advanced technologies.

“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,” said Trevor Young. “Now, with Samsung Electronics' global business foundation and investment, we expect to further accelerate our growth."

In addition to data centers, FläktGroup has secured a diverse portfolio of over 60 large customers, including leading pharmaceutical companies, biotech and food and beverage firms, and gigafactories.

Samsung has been expanding its HVAC business with a focus on ductless systems, which supply general and system air conditioners to residential and commercial buildings. In May 2024, Samsung formed a joint venture with Lennox International Inc. to strengthen its position in the North America ductless HVAC market and added Lennox’s distribution channels to the company’s own sales channels.

The transaction is expected to close within 2025.