Fan manufacturer Madison Air Solutions acquired Germany’s Ebm-Papst for $5.4 billion in a cash, debt, and equity financing deal, under the expectation that the HVAC firm will expand its capabilities and strengthen its footprint in growing markets such as the semiconductor industry. The deal is expected to close at the end of the year.
Ebm-Papst, which was established in 1963 and has more than 13,000 employees in 40 countries worldwide, is anticipated to make about $2.8 billion in revenue and about $343 million in adjusted earnings before interest, taxes, depreciation, and amortization in 2026, according to the press release.
“As a longstanding Ebm-Papst customer, we have a deep appreciation for its integrated airflow technology, custom engineering expertise and talented team, which complement our expertise in mission-critical applications and market reach,” said President and CEO Jill Wyant.
She said the strategy is “built around three core strengths that work together to deliver better air, stronger customer outcomes, and attractive long-term returns,” which she believes the acquisition will strengthen. “Its differentiated, integrated airflow technology further strengthens our return on air capabilities,” she said. “It broadens our ability to scale in mission-critical applications and attractive growth markets, and it gives us another strong platform where we can apply our commercial capabilities, operating discipline, and 80/20 approach to accelerate value creation.”
