Samsung Electronics on Wednesday announced that it would acquire all shares of German-based FläktGroup, a leading heating and cooling solutions provider, for 1.5 billion euros.

Samsung will acquire FläktGroup, a major HVAC supplier, for €1.5 billion ($1.7 billion) to expand its HVAC business. The acquisition aims to capitalize on the growing applied HVAC market ...

Samsung Electronics Co. has agreed to buy FläktGroup Holding GmbH for €1.5 billion ($1.7 billion), acquiring the European heating and cooling specialist in its biggest overseas takeover in ...