India, Nov. 7 -- Samsung Electronics said on Friday it has completed the acquisition of FlaktGroup, Europe's largest heating, ventilation and air conditioning (HVAC) company, as the South Korean tech firm moves to expand its presence in the commercial cooling and data centre market.

Samsung said it will use FlaktGroup's production and sales networks to broaden research and development, strengthen supply chains and integrate product portfolios over time. Subsidiaries including Woods Air Movement, SEMCO and SE-Elektronic will also come under Samsung's ownership.

FlaktGroup will continue to operate as an independent subsidiary, retaining its name, management, workforce and facilities to maintain its technological capabilities and brand ide...