Triton to sell FläktGroup to Samsung
Frankfurt / Herne (Germany), 14 May 2025 – Funds advised by Triton (“Triton”) have signed an agreement to sell all shares of FläktGroup (the “Company”), a European market leader in energy-efficient ventilation and precision-cooling solutions, to Samsung Electronics Co, Ltd. for €1.5 billion (equivalent to an enterprise value of €1.8) billion. The transaction is subject to customary regulatory approvals and closing conditions and is expected to close within 2025.
FläktGroup was formed in October 2016 through the merger of DencoHappel, previously part of the Galapagos group, a Triton Fund IV investment, with the newly acquired FläktWoods. Under Triton’s ownership, the company has been transformed into a European market leader in air technology, delivering best-in-class, innovative and energy-efficient solutions to ensure comfort, safety and performance for its customers, whilst reducing their carbon footprint.
Over recent years, FläktGroup has broadened its offering of innovative products that are seamlessly integrated with control units, software, and lifecycle services. At the same time, the company has expanded into critical-application markets such as data centers, gigafactories as well as pharmaceutical facilities, and made strides in driving operational excellence.
Michael Gahleitner, Managing Partner and Co-Head of Industrial Tech at Triton comments: “We extend our sincere thanks to the entire FläktGroup organization for its outstanding achievements. Working with CEO Trevor Young and the whole management team has been both a pleasure and a privilege; together they have positioned the Company at the forefront of its industry and unlocked compelling avenues for future growth. We are confident that Samsung is best positioned to lead FläktGroup forward in its next chapter.”
Trevor Young, CEO FläktGroup adds: “In partnership with Triton, we have implemented the right strategy to create new growth opportunities, establishing FläktGroup not only as a technology leader but also as an employer of choice in the HVAC sector. We would like to thank the Triton team for their valuable support and cooperation throughout their investment. We look forward to partnering with Samsung to extend FläktGroup’s leadership and deliver even greater value to our customers.”
TM Roh, Acting Head of the Device eXperience (DX) Division at Samsung Electronics said: "Through the acquisition of FläktGroup, a central 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."
The sale of FläktGroup marks another successful exit in a slow market where Triton bucked the trend and announced seven private equity realizations in the last twelve months, representing an aggregate value of nearly EUR 6 billion.
About FläktGroup
FläktGroup is Europe’s leading specialist in energy-efficient indoor-air technology, delivering ventilation, air-conditioning, air-quality and fire-safety solutions that protect people, processes and the planet. Headquartered in Herne, Germany, the Group generates more than €700 million in annual revenue and employs roughly 3,300 people across 14 production sites, with operations spanning 65 countries worldwide. With a 100-year heritage of engineering excellence, FläktGroup serves mission-critical environments – from data centers and gigafactories to hospitals, schools and homes – enabling customers to achieve superior indoor climates while meeting stringent energy and sustainability targets.
For further information: www.flaktgroup.com/
About Samsung Electronics Co., Ltd.
Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, home appliances, network systems, and memory, system LSI, foundry. We are also advancing into robotics, medical devices, automotive components and consumer audio. Samsung delivers a seamless connected experience through its SmartThings ecosystem and open collaboration with partners.
For the latest news, please visit the Samsung Newsroom at news.samsung.com.
About Triton
Founded in 1997 and owned by its partners, Triton is a leading European mid-market sector-specialist investor. Triton focuses on investing in businesses that provide mission-critical goods and services in its three core sectors of Business Services, Industrial Tech, and Healthcare.
Triton has over 150 investment professionals and value-creation experts across 11 offices and invests through three complementary “All Weather” strategies: Mid-Market Private Equity, Smaller Mid-Cap Private Equity, and Opportunistic Credit.
For further information: www.triton-partners.com
