Latest news with #TMRoh
Yahoo
14-05-2025
- Business
- Yahoo
Samsung to acquire FläktGroup in €1.5bn deal
Samsung Electronics has agreed to acquire FläktGroup, a Germany-based heating and cooling specialist, in a deal worth €1.5bn ($1.68bn). The deal is a strategic move by Samsung to boost its presence in the growing global applied heating, ventilation, and air conditioning (HVAC) market, with focus on cooling solutions for data centres. FläktGroup boasts more than 100 years of technological expertise and design capabilities in the HVAC sector. The company offers a wide array of products and solutions, catering to various customer needs. These solutions are crucial for buildings and facilities such as data centres, museums, airports, and hospitals, where reliable and efficient temperature and humidity control are essential. FläktGroup's data centre solutions include liquid cooling and air cooling products. These products have been instrumental in helping customers reduce energy consumption and achieve lower carbon footprints. The company's customer base extends beyond data centres, with over 60 large clients across sectors such as biotechnology, gigafactories, among others. Samsung Electronics Device eXperience (DX) Division acting head TM Roh said: '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. 'Our commitment is to continue investing in and developing the high-growth HVAC business as a key future growth engine.' Samsung anticipates that the acquisition will support sustained growth, driven by increasing data centre demand due to advancements in generative AI, robotics, autonomous driving, and XR technologies. Moreover, the integration of Samsung's building integration control solution ( with FläktGroup's HVAC control solution (FläktEdge) is expected to offer a comprehensive suite of HVAC and building energy control systems, potentially expanding Samsung's service and maintenance business. The transaction is expected for completion by the end of 2025. FläktGroup CEO Trevor Young said: '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. 'Now, with Samsung Electronics' global business foundation and investment, we expect to further accelerate our growth.' Last year, Samsung formed a joint venture with Lennox International to strengthen its North American HVAC market presence, combining Lennox's distribution channels with Samsung's sales network. In March 2025, Samsung partnered with Amazon Web Services to showcase the application of AI in radio access networks. "Samsung to acquire FläktGroup in €1.5bn deal" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Mayor
14-05-2025
- Business
- Business Mayor
Samsung Electronics to acquire heating and cooling solutions provider FläktGroup for 1.5 billion euros
A Samsung Group flag flutters in front of the company's Seocho building in Seoul. Sopa Images | Lightrocket | Getty Images 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 ($1.68 billion) from European investment firm Triton. Samsung said the acquisition would help it expand in the heating, ventilation and air conditioning business as the market experiences rapid growth. 'Our commitment is to continue investing in and developing the high-growth HVAC business as a key future growth engine,' said TM Roh, Acting Head of the Device eXperience (DX) Division at Samsung Electronics. The acquisition of FläktGroup stands to bolster Samsung's position in the HVAC market against rivals such as LG Electronics. FläktGroup supplies heating, HVAC solutions to a wide range of buildings and facilities, notably data centers which require a high degree of stable cooling. Samsung said it anticipates sustained growth in data center demand due to the proliferation of generative AI, robotics, autonomous driving and other technologies. FläktGroup has more 60 major customers, including leading pharmaceutical companies, biotech and food and beverage firms, and gigafactories, according to Samsung's statement. Samsung said in March that its HVAC solutions had achieved double-digit annual revenue growth over the past five years, and that the company aimed to boost revenue by more than 30% in 2025. Samsung's acquisition and focus on HVAC comes amid struggles in other business segments, resulting in weak earnings and sagging share prices in recent quarters. The company has been falling behind rival SK Hynix that has positioned itself better to take advantage of AI-led demand. Samsung has also faced stiff competition from TSMC in its contract chipmaking business, as well as from Apple and Chinese smartphone rivals in recent years. In March, Samsung co-CEO Han Jong-hee reportedly apologized to shareholders and said the company was looking to pursue 'meaningful' mergers and acquisitions to drive growth.
CNBC
14-05-2025
- Business
- CNBC
Samsung Electronics to acquire heating and cooling solutions provider FläktGroup for 1.5 billion euros
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 ($1.68 billion) from European investment firm Triton. Samsung said the acquisition would reinforce its commitment to its heating, ventilation and air conditioning business as the market experiences rapid growth. "Our commitment is to continue investing in and developing the high-growth HVAC business as a key future growth engine," said TM Roh, Acting Head of the Device eXperience (DX) Division at Samsung Electronics. The acquisition of FläktGroup stands to bolster Samsung's position in the HVAC market against rivals such as LG Electronics. FläktGroup supplies heating, HVAC solutions to a wide range of buildings and facilities, notably data centers which require a high degree of stable cooling. Samsung said it anticipates sustained growth in data center demand due to the proliferation of generative AI, robotics, autonomous driving, XR, and other technologies. FläktGroup has more 60 major customers, including leading pharmaceutical companies, biotech and food and beverage firms, and gigafactories, according to Samsung's statement. Samsung said in March that its HVAC solutions have achieved double-digit annual revenue growth over the past five years, and that the company aims to boost revenue by more than 30% in 2025.
Mid East Info
13-05-2025
- Mid East Info
Meet the Samsung Galaxy S25 Edge: An Engineering Marvel of New Slim Hardware Innovation
Samsung Electronics Co., Ltd. today has revealed the full specifications of the Galaxy S25 Edge, a category-defining slim smartphone joining the Galaxy S series. Crafted with style and strength in mind, Galaxy S25 Edge strikes a new balance of premium, pro-level performance in a resilient titanium body only 5.8mm thick. S25 Edge delivers on the S series legacy, integrating an iconic Galaxy AI-enabled camera and unleashing a new realm of creativity in an effortlessly portable device. 'Galaxy S25 Edge is more than a slim smartphone. The superior engineering that brought this revolutionary smartphone to life illustrates a commitment to overcoming barriers that helps Galaxy deliver truly unexpected premium experiences for people around the world,' said TM Roh, President and Acting Head of the Device eXperience (DX) Division at Samsung Electronics. 'S25 Edge not only marks a breakthrough for its category, but it also accelerates important innovation across the mobile industry.' Exceptionally Sleek and Strong Design: With a thin 5.8mm chassis, Galaxy S25 Edge is a remarkable feat of engineering that reimagines nearly every element of smartphone design for an even more compact and convenient experience. Its refined frame bridges form and function at just 163 grams, taking slim smartphones to the next level while staying true to the Galaxy S series' unified design. Alongside its streamlined silhouette comes exceptional resilience. The optimally curved edges and sturdy titanium frame offer enduring protection for everyday use. The latest Corning® Gorilla® Glass Ceramic 2, a new glass ceramic offering that delivers engineered resilience, is used for the front display to yield both vibrancy and strength on Galaxy S25 Edge. Dynamic Creativity with a Pocketable 200MP Camera: The slim and light design of Galaxy S25 Edge makes it easier than ever for users to capture memorable moments and express their creativity anytime, anywhere. The 200MP wide lens upholds the Galaxy S series' iconic camera experience while taking Nightography to a new level. Thanks to its ultra-high resolution, users get sharper photos while maintaining clearer shots with large pixel size —capturing images with over 40% improved brightness[1] in low-light environments. The 12MP ultra-wide sensor features autofocus, which powers crisp, detailed macro photography for even more creative flexibility. Galaxy S25 Edge benefits from the same ProVisual Engine that was optimized for Galaxy S25 with pro-grade enhancements, like ensuring sharp details for clothes or plants and natural, true-to-life skin tone in portraits. Galaxy AI-powered editing features, including fan-favorites like Audio Eraser[2] and Drawing Assist[3] are all brought over from the Galaxy S25 series, pairing advanced creative and editing tools with a never-before-seen slim form factor. Peak Performance Expertly Configured in Ultra-Slim Housing: Galaxy S25 Edge is built to deliver premium performance, starting with the Snapdragon 8 ® Elite Mobile Platform for Galaxy, the same processor available in all Galaxy S25 series devices globally. Customized by Qualcomm Technologies, Inc., the chipset powers Galaxy S25 Edge's on-device AI processing capabilities and offers reliably fast performance all day. Galaxy S25 Edge also keeps its cool under sustained use thanks to a reconfigured vapor chamber that is now thinner, yet broader for steady heat dissipation. Matching the Galaxy S series' renowned performance standards, Galaxy S25 Edge features advanced, efficient AI image processing with ProScaler[4], which delivers a 40% improvement[5] in display image scaling quality, while incorporating Samsung's customized mobile Digital Natural Image engine (mDNIe). A Trusted Companion with Galaxy AI: Integrating Galaxy AI at nearly every touchpoint, Galaxy S25 Edge offers our most natural and context-aware mobile AI experiences. Users get personalized, multimodal AI capabilities with peace of mind that their personal data is always safe. Mirroring the broader Galaxy S25 series, Galaxy S25 Edge integrates AI agents that work seamlessly across multiple apps, helping as a true AI companion to get things done more easily. Galaxy AI also gets better at integrating with daily routines. Now Brief and Now Bar[6] include third-party app integrations for greater convenience and helpful reminders during everyday commuting, dining and more. Thanks to Galaxy's deep integration with Google, Galaxy S25 Edge brings Gemini's latest advancements to more users. For example, with Gemini Live's[7] new camera and screen sharing abilities, users can show Gemini Live what they see on their screen or in the world around them while simultaneously interacting with it in a live conversation. Experiences powered by Galaxy AI on Galaxy S25 Edge aren't just convenient—they're designed with privacy at the core. On-device AI processing ensures data is kept secure by Samsung Knox Vault, continuing Samsung's unwavering commitment to ensure hyper-personalized mobile experiences never sacrifice privacy. Rooted in craftsmanship and driven by performance, Galaxy S25 Edge delivers pro-level photography, personalized AI experiences, and more. It goes beyond a slim form factor to challenge expectations for what a smartphone can be.
NDTV
13-05-2025
- NDTV
Samsung's Slimmest Phone Galaxy S25 Edge Launched: Features, Price And More
After months of speculation, Samsung on Tuesday (May 13) officially launched Galaxy S25 Edge, its slimmest phone yet. Hopping on the trend of extra-thin phones, Samsung's newest offering boasts of a titanium body, measuring only 5.8mm thick and weighing 163 grams. The flagship Samsung offering features a 6.7-inch Quad HD+ Dynamic AMOLED 2x display with a 120Hz refresh rate. The phone is powered by the Snapdragon 8 Elite processor that arrived with the Galaxy S25 series earlier this year. 'Galaxy S25 Edge is more than a slim smartphone. The superior engineering that brought this revolutionary smartphone to life illustrates a commitment to overcoming barriers that helps Galaxy deliver truly unexpected premium experiences for people around the world,' said TM Roh, president and acting head of the Device eXperience (DX) Division at Samsung Electronics. Camera The Galaxy S25 Edge features an impressive 200-megapixel camera with 2x optical in sensor zoom, a 12-megapixel ultra-wide camera and a 12-megapixel front-facing camera. Battery Despite possessing a plethora of impressive features, one of the biggest worries about S25 Edge is its battery. The 3,900mAh cell is the smallest across the S25 range, compared to 4,000mAh in the S25 and 4,900mAh in the Plus. Artificial intelligence Mirroring the Galaxy S25 series, the Galaxy S25 Edge has integrated AI agents that work seamlessly across multiple apps, making it a true AI-compatible phone. The company has also collaborated with Google to bring the latest features of Gemini to the phone. Samsung Galaxy S25 Edge price and availability Samsung has priced the base model of Galaxy S25 Edge having 12GB of RAM and 256GM of storage, at Rs 93,300 ($1,099). The 512GB storage variant will likely cost the customers Rs 1,03,500 ($1,219). The Galaxy S25 Edge will be available in a variety of colours, including Titanium Silver, Titanium Jetblack and Titanium Icyblue.
