Madison Air Solutions to Buy Germany’s Ebm-Papst in $5.4 Billion Deal
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20 Articles
Madison Air Solutions has concluded an agreement to buy Ebm-Papst for $5.4 billion, including debt. Exclusive material for subscribers. To have full access, access the link of the material and register.
From Germany's family business to the US Group: the fan manufacturer EBM-Papst is changing hands for just under five billion. The deal is backed by a strategic close-up. The company wants to benefit from the boom in data centers and at the same time massively expand its position in the USA.
Tagesschau
The German family-owned company EBM-Papst will be sold to the USA. Madison Air will take over the fan specialist from Baden-Württemberg for almost five billion euros.
Of the 13 000 employees, 5800 are employed in Germany. The company's headquarters are to remain in Mulfingen near Heilbronn.
Madison Air Solutions to buy Germany’s ebm-papst in $5.4 billion deal
Aug 17 (Reuters) – Madison Air Solutions said on Monday it would acquire German ventilation technology group ebm-papst in a deal valued at $5.4 billion, expanding its air quality and ventilation solutions business. The deal will see ebm-papst’s three shareholder families transfer their stakes to Madison Air, which is seeking to strengthen its position in Europe and broaden its technology portfolio. Ebm-papst, a major supplier of fans, mot…
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