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

Samsung Electronics said on Wednesday that it has agreed to acquire all shares of FläktGroup, a German maker of air conditioning and heating systems, for 1.5 billion euro ($1.68 billion) from European investment firm Triton.

SEOUL] South Korea’s Samsung Electronics said on Wednesday that it has agreed to acquire all shares of FlaktGroup, a German maker of air conditioning and heating systems, for 1.5 billion euro (S$2.2 billion) from European investment firm Triton.