Samsung Electronics Co. announced on Thursday that it has completed the acquisition of FlaktGroup, Europe's largest air handling and heating, ventilation, and air conditioning (HVAC) company, as per a report by Pulse, the English service of Maeil Business News Korea.
LG Electronics began mass producing air handling units (AHUs) at its local plant in Saudi Arabia, marking its first "Made in Saudi" product line. With this move, the company can now directly participate in government-led infrastructure projects, accelerating its expansion in the Middle Easte