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