Madison Air Solutions to buy German fan maker ebm-papst in $5.4 billion deal
The deal would nearly double Madison Air’s addressable market and add $160 million in annual run-rate synergies by year three, the company said.
25 Articles
25 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 German fan maker ebm-papst in $5.4 billion deal
U.S.-based Madison Air Solutions said on Monday it would buy German fan maker ebm-papst in a $5.4 billion deal, expanding its air quality and ventilation business in a drive to tap the fast-growing data-centre cooling market.
Coverage Details
Bias Distribution
- 42% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
