Seoul: Samsung Electronics Co. announced on Wednesday its acquisition of FlaktGroup Holding GmbH, a German-based ventilation firm, for a transaction valued at 1.5 billion euros (US$1.68 billion). This move marks Samsung's largest takeover in nearly eight years.
According to Yonhap News Agency, Samsung Electronics finalized an agreement with Triton, a European investment firm, to acquire the German heating, ventilation, and air-conditioning (HVAC) company. This strategic acquisition is the most significant by the South Korean technology giant since its $8 billion purchase of Harman International in 2017.