Samsung has made a strategic move to secure its future with its acquisition plans. The South Korean tech giant has accelerated its efforts to accelerate its growth and seize new market opportunities.

Samsung Acquisitions and Restructuring

The company is looking to acquire other companies that could be key to its future growth. To this end, Samsung has established a new business support department to specifically oversee merger and acquisition projects. According to reports in the South Korean press, this new team will focus directly on the company’s expansion strategies.

Samsung Electronics has appointed experienced executive Ahn Joong-hyun to lead this critical process. He previously played a key role in the company’s successful acquisition of Harman International. The company has also reorganized the Task Force, established after the dissolution of its Future Strategy Office in 2017.

While the tech giant has recently strengthened its market position, it aims to maintain its future growth momentum. Therefore, the company will close potential deals more quickly with its newly established M&A team. These organizational changes have increased expectations that Samsung will make major acquisitions in the coming period.