Samsung Electronics Completes Acquisition of HVAC Company FläktGroup

Acquisition enhances Samsung’s global HVAC leadership and expands its presence in commercial and industrial markets

Samsung Electronics Co., Ltd. announced that it has completed the acquisition of FläktGroup, Europe’s largest HVAC company.

Following the acquisition, Samsung plans to leverage FläktGroup’s production and sales units to expand R&D and strengthen the supply chain, progressively integrating products and services to maximize synergies. FläktGroup’s subsidiaries will also be a part of Samsung Electronics, including Woods Air Movement, which provides ventilation and fire safety systems, SEMCO, which specializes in air handling and flow solutions, and SE-Elektronic which delivers tailored advanced automation systems. Meanwhile, FläktGroup’s name, existing management, personnel and facilities will be maintained, operating it as an independent subsidiary to preserve its technological expertise and brand identity.

“This marks a strategic move for Samsung, aimed at leading the global HVAC and data center markets,” said TM Roh, President and Acting Head of the Device eXperience (DX) Division at Samsung Electronics. “By merging FläktGroup’s technological expertise with Samsung’s AI platforms, we aim to set a new benchmark in the industry, delivering innovative solutions to customers.”

Through this acquisition, Samsung will strategically nurture the HVAC business as a new growth engine within its DX Division. The company plans to continuously invest in commercial HVAC solutions and expand into high-growth sectors such as AI data centers.

As demand for large-scale air conditioning systems grows in Korea, North America, and Europe — including large factories, commercial complexes, marine, hospitals, and biopharmaceutical facilities — the company aims to establish a robust supply chain in each region and enhance its service capabilities. Moreover, Samsung formed a joint venture with Lennox last year to further secure its presence in the North American market, and expects that the acquisition of FläktGroup will strengthen the company's position with expanded expertise to HVAC solutions.

Additionally, by integrating FläktGroup’s advanced HVAC control systems with Samsung’s building management platforms such as SmartThings Pro and b.IoT, Samsung will explore new opportunities in smart building solutions and energy efficiency.

“Joining Samsung will accelerate FläktGroup’s global market expansion and drive technological innovation,” commented Trevor Young, CEO of FläktGroup. “The synergy between our companies will be a major turning point in developing future-oriented HVAC solutions.”

With over a century of history and technical expertise, FläktGroup supplies central air conditioning and precision cooling solutions for several industries across global markets. The company operates more than 10 production bases for central HVAC products and has built an extensive sales and service network across Europe, the Americas, the Middle East and Asia.

Based on these capabilities, the company has participated in the Stargate Project and partnered with other major hyperscale customers. It has also developed and supplied custom solutions which are aimed specifically at the data center sector and the fast-growing AI industry demands. Additionally, it has established a dedicated North America data center team to swiftly respond to growing demand in the U.S., and it has further invested in a global account team headquartered in Singapore to support key customers, ensuring proximity and ease of doing business.

#Samsung

Nasser Bin Khaled Automobiles Hosts Exclusive Mercedes-Benz Experience at Gewan Golf Club

Nasser Bin Khaled Automobiles, the authorized general distributor of Mercedes-Benz in Qatar, successfully hosted an exclusive customer and media event at the prestigious Gewan Golf Club on Gewan Island over three days. The event brought together more than 200 attendees, including valued Mercedes-Benz customers, media representatives, and automotive enthusiasts, for memorable days of luxury, performance, and community engagement.

Guests enjoyed the opportunity to experience the latest Mercedes-Benz models firsthand through exclusive test drives featuring the powerful and elegant Mercedes-AMG SL 55, among other distinguished vehicles. In addition, a selection of high-end luxury Mercedes-Benz models was showcased on the course, allowing attendees to admire the design and craftsmanship of the cars up close.

The event also included a dedicated golf clinic where participants enjoyed professional training sessions and practice rounds, combining the thrill of driving with the sophistication of golf in an inspiring setting.

This initiative reflects NBK Automobiles’ ongoing commitment to creating community-focused experiences that strengthen the connection with its customers and partners, while showcasing the innovation, craftsmanship, and driving excellence of Mercedes-Benz.

Nasser Bin Khaled Automobiles continues to host exclusive activations and community events that reflect its dedication to providing unparalleled experiences to Mercedes-Benz customers and enthusiasts in Qatar.

Nasser Bin Khaled Automobiles has built its success by establishing solid, longstanding relationships with its customers, and by offering a wide range of quality products. As a brand name, Nasser Bin Khaled Automobiles is deeply associated with a history of premium quality service and market leadership. Established in 1957, Nasser Bin Khaled Automobiles is Qatar’s exclusive distributor of three of the world’s most respected, iconic brands: Mercedes-Maybach, Mercedes-Benz and Mercedes-AMG.

#NasserBinKhaled #MercedesBenz #GewanGolfClub

MALONE SOULIERS ANNOUNCE APPOINTMENT OF CHIEF EXECUTIVE OFFICER

Malone Souliers is pleased to announce the appointment of Andrew Wright as  Chief Executive Officer. Joining the company after serving eight years at Manolo  Blahnik, where he held the executive posts of global Chief Commercial Officer and,latterly, President of the Americas, Wright will bring a wealth of business expertise,  leadership and strategic insight to Malone Souliers.

Holding more than 30 years of experience in the global fashion industry, Wright began  his career at Ralph Lauren, where he spent over a decade developing international  sales and product merchandising strategies. From there, he built a diverse portfolio of  experience in senior positions at world-leading fashion houses, including a five-year  tenure at Louis Vuitton holding the roles of Global Merchandising and Business  Development Director and Global Retail Learning Director. In these global roles,  Wright made a lasting impact by shaping both product assortment and talent  development strategies, driving operational excellence across all international  markets. Following his time at Louis Vuitton, Wright applied his strategic expertise as  a Retail Excellence Consultant to leading footwear brand Nicholas Kirkwood.

Andrew Wright’s extensive knowledge of the U.S. market, proven dedication to brand  building, and strong commercial acumen make him the optimal appointment to guide  Malone Souliers into its next phase of growth and innovation. In alignment with the Brand’s strategic vision for expansion both across the U.S. and wider international markets, Wright joins the Company at a pivotable time as they prepare to open a new  office and showroom in New York, this month.

Andrew Wright commented, ‘I am delighted to be joining Malone Souliers, a luxury  house already so well loved and globally appreciated for its design integrity and  artisan collections which seamlessly blend modernity and timelessness. The future for  this business is exceptionally bright and full of opportunity as we look to build on the  existing strong foundations and raise our profile through selective commercial  partnerships and the widening of our qualitative distribution footprint in new  international markets.'

Mary Alice Malone, Founder and Chief Brand Director commented, “I am beyond thrilled to welcome Andrew Wright as our new CEO. His exceptional leadership  experience, global perspective, and deep industry knowledge will be instrumental as  we continue to expand our presence and strengthen our Brand worldwide. I am so  looking forward to embarking on this journey of growth and I cannot think of a better  partner to take care of the Business I have spent years building and nurturing.”

Malone Souliers, crafting classic, the new iconic

Malone Souliers is proud to make shoes and bags that will look as good in decades to  come as they do on the first day you wear them. We work with highly skilled Italian  artisans using the finest materials to produce shoes that combine a unique aesthetic  with the perfect fit, and iconic silhouettes. A certified member of the Leather Working  Group, we design all our products with emotion, integrity, and a zero-waste  approach.

#MaloneSouliers #AndrewWright