Samsung in Talks to Buy FläktGroup in $1.5 Billion-Plus Deal

Samsung Electronics Co. is closing in on an agreement to buy FläktGroup Holding GmbH, acquiring the European heating and cooling specialist in its biggest overseas takeover in eight years.

Samsung and FläktGroup-owner Triton Investments Advisers LLP are in the final stages of negotiating an acquisition that values the German firm at between $1.5 billion and $2 billion, people with knowledge of the matter said. They could announce a deal as soon as this week, the people said, asking to remain anonymous discussing private information.

FläktGroup would help bolster Samsung’s position against rivals such as LG Electronics Inc. in the ...