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Samsung Electronics will pay $1.68 billion to buy a data center cooling supplier, FlaktGroup, from European investment firm Triton.
Fläkt supplies high-performance heating and cooling systems to large facilities, especially data centers. As you all know, with GPUs and AI processing demands growing, which tend to be power hungry, the data center cooling space has been on fire lately.
One of the largest cooling systems provider, Vertiv, has seen it’s stock run up heavily and in sync with Nvidia since ChatGPT went live. Samsung clearly wants a piece of the market for itself.
Outside of data centers, the deal also gives Samsung exposure to the industrial Heating, Ventilation, and Air Conditioning (HVAC) market, where it’s looking to compete head-on with rivals like LG Electronics.
