With the acquisition completed in November last year, FläktGroup’s new CEO David Dorney is set to guide the company through an exciting chapter. A seasoned industry executive, Dorney brings more than 20 years of global HVAC leadership experience with a focus on driving growth across key industrial sectors.

Samsung Newsroom sat down with Dorney to hear more about his vision for the future, the opportunities ahead and what the acquisition means for FläktGroup.

Q. Tell us about FläktGroup and its biggest strengths.

FläktGroup has deep roots with a story that goes back to 1909. We’ve pioneered ventilation systems for commercial and industrial buildings, clean rooms, marine applications and fire safety.

We are proud of our teams, their expertise in their chosen fields and the immense effort they put into their work every day. We want our FläktGroup employees to grow in the best way possible. We aim to ensure this happens by continually investing in training and developing our people. This will be coupled with the delivery of top-quality solutions from each of our 14 global manufacturing facilities, backed by our field-trained after-sales service engineers, so that our many loyal customers can enjoy continued satisfaction and peace of mind.

One area of deep expertise is in data center cooling — since introducing our first computer room air conditioning (CRAC) unit in 1964, we’ve been delivering solutions for more than 60 years. That experience means we understand every detail, from precision cooling to energy efficiency.

Q. How do you see the HVAC market today and in the future?

The HVAC market is strong and growing, driven by energy efficiency mandates, rising urbanization, adoption of smart technologies such as IoT and AI and increased focus on indoor air quality (IAQ), with projections showing significant expansion through 2030-2035. Key trends include demand for heat pumps, low-GWP refrigerants and smart connected systems.

Obviously, we are seeing rapid innovation in liquid cooling technologies, and globally, demand for energy-efficient HVAC systems is rising in regions like North America, Europe and Asia-Pacific. The outlook for our industry is positive and we’re ready to adapt and lead.

Q. What are some of FläktGroup’s recent successful projects?

Our recent important projects span both new-build and turnkey retrofit solutions across a range of essential industries. For instance, we’ve onboarded a number of new data center customers and have provided on-site support for AI and cloud services globally. We have also delivered a turnkey solution in Sweden for a customer building a CO2-free steel production plant, and we completed several defence projects within our marine business, for various countries including India and the US.

This year, we achieved our first cross-selling success in the US, where we delivered FläktGroup Air solutions together with Samsung modular chillers¹ for controlling the environmental conditions in an aerospace application.

Q. Where do you see synergies between Samsung and FläktGroup?

We are looking at cross-selling opportunities, supply chain integration and joining forces when it comes to R&D, to accelerate the time to market with our key new product introduction (NPI) roadmap.

By combining FläktGroup’s HVAC expertise with Samsung’s technology leadership, we can create smarter, more connected solutions. For example, integrating our HVAC systems with Samsung’s SmartThings Pro and b.IoT platforms will open doors to advanced energy management and smart building solutions. Samsung also brings strong AI capabilities, which we can use to optimize performance and efficiency.

Q. Which regions or industries will you focus on next?

Our priority is to build on our new partnership with Samsung and continue the collaboration between our teams that started in 2025. We’re focusing on coolant distribution unit (CDU) technology and expanding our FläktEdge smart control systems, while investing in R&D to speed up delivery and support partner projects.

The planned plant in Korea will be a template for all future FläktGroup factories, and it is essential to the expansion of our presence in the wider region. We’re also investing in new production facilities and field services in India and the US, where we see significant growth opportunities in data centers and indoor climate solutions.

Q. What is your vision as CEO, and what are your key goals?

Our vision is clear: we want to move forward with Samsung in 2026 and beyond, becoming a global leader in HVAC. That means working closely with our customers and partners alike, addressing their key challenges such as reducing their carbon footprint. It’s a big mission, especially with climate change and its impact on wellbeing.

Our goals focus on innovation, quality and sustainability. We’ll keep developing energy-efficient solutions and smart technologies that make buildings healthier and safer. FläktGroup has already been doing this for more than 100 years, leveraging our broad product portfolio and also investing in new solutions, and now we are taking it to the next level.

Q. Looking ten years ahead, where do you see FläktGroup?

I see FläktGroup, together with Samsung, as a global leader in HVAC and a trusted name everywhere. We’ll be known for sustainability, smart technology and energy efficiency.

Some examples of our current focus areas are expanding environmental product declaration (EPD)² coverage to 95% of products by 2026, launching FläktEdge specifically for key mission-critical vertical markets and embedding circular economy principles into design and packaging.

Through these efforts, we hope that FläktGroup will establish itself as a company that contributes to creating a more sustainable global society.

1. A modular chiller system consists of multiple smaller, independent chiller units that link together and operate as a single, scalable system, offering a stable supply of cooling and heating loads for buildings or facilities. ︎
2. An Environmental Product Declaration (EPD) is an independently verified document that provides transparent and comparable information about the life-cycle environmental impact of a product. ︎

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 Electronics today announced that it has signed an agreement to acquire all shares of FläktGroup, a leading global HVAC solutions provider, for €1.5 billion from European investment firm Triton. With the global applied HVAC market experiencing rapid growth, the acquisition reinforces Samsung’s commitment to expanding and strengthening its HVAC business.

“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,” said TM Roh, Acting Head of the Device eXperience (DX) Division at Samsung Electronics. “Our commitment is to continue investing in and developing the high-growth HVAC business as a key future growth engine.”

FläktGroup, based in Herne, Germany, has over a century of accumulated technological expertise and design capabilities, offering diverse products and solutions tailored to each customer. FläktGroup supplies high-reliability and high-efficiency HVAC systems to a wide range of buildings and facilities, including data centers that require stable cooling, museums and libraries managing sensitive historical artifacts, airports and terminals with high foot traffic, and large hospitals where hygiene, temperature and humidity control are critically important.

In the large-scale data center market globally, FläktGroup has secured high customer satisfaction through its product performance, reliability and service support, achieving substantial revenue growth over the past three years. FläktGroup’s data center solutions include its industry-leading liquid cooling and air cooling products, which have enabled customers to reduce energy consumption, contributing to achieving lower carbon footprint goals.

Last year, FläktGroup won the DCS Cooling Innovation of the Year Award at the DCS Cooling Awards, in recognition of its innovative and advanced technologies.

“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,” said Trevor Young, CEO of FläktGroup. “Now, with Samsung Electronics’ global business foundation and investment, we expect to further accelerate our growth.”

In addition to data centers, FläktGroup has secured a diverse portfolio of over 60 large customers, including leading pharmaceutical companies, biotech and food and beverage firms, and gigafactories.

Samsung Investing in HVAC Business as Key Growth Engine

The HVAC industry is expected to continue growing with demand for innovative and energy-efficient solutions that improve air quality and control temperature and humidity to provide comfort and safety. Samsung will continue to invest in the HVAC business and has recently made acquisitions and investments across robotics, medical technology and the consumer audio sectors as part of its commitment to expand into new growth businesses.

According to some market research forecasts, the applied HVAC market is projected to grow from $61 billion in 2024 to $99 billion by 2030, at an annual growth rate of 8%, while the data center cooling market is expected to grow at a faster pace at an annual growth rate of 18%. The data center segment in particular has high entry barriers, requiring global supply experience and the ability to present optimal designs and solutions for customers.

In its acquisition of FläktGroup, Samsung anticipates sustained growth in data center demand due to the proliferation of generative AI, robotics, autonomous driving, XR and other technologies.

In addition, Samsung’s building integration control solution (b.IoT) and FläktGroup’s HVAC control solution (FläktEdge) will offer a full suite of HVAC and building energy control systems, through which the company expects an expansion of its service and maintenance business.

Samsung has been expanding its HVAC business with a focus on ductless systems, which supply general and system air conditioners to residential and commercial buildings. In May 2024, Samsung formed a joint venture with Lennox International Inc. to strengthen its position in the North America HVAC market and added Lennox’s distribution channels to the company’s own sales channels.

The transaction is expected to close within 2025.