Industrie: Ventilatorenspezialist EBM-Papst wird an US-Konzern verkauft

The specialist in ventilation EBM-Papst has been sold for a billion dollars to the US conglomerate Madison Air. The family-owned company based in Mulfingen, Baden-Württemberg (Hohenlohekreis) is now under the ownership of the listed conglomerate Madison Air. EBM-Papst's CEO Klaus Geißdörfer stated that the company's great potential for further development had not been fully exploited and that Madison was the ideal partner who understood what EBM-Papst stood for and what was needed to strengthen market leadership.

"We will also benefit from better access to the US market." The net sales price is estimated at 4.775 billion euros. Geißdörfer had recently focused mainly on the business with data centers, which need to be cooled. The sale price for the previous family-owned company valued at 5.1 billion euros. However, the sale still needs to be approved by the authorities.

Madison Air is a US industrial company specializing in ventilation, filtration, and cooling systems. The founders of EBM-Papst saw Madison as the ideal partner: Madison had been committed to sustainable corporate development for decades. The conglomerate had an impressive lineup in air and cooling technology as well as regionally in the US, and the prospects in the areas of data centers and AI infrastructure were enormous.

The US company has been a long-term customer of the family company, which has more than 13,000 employees worldwide, including 5,800 in Germany. The revenue increased by six percent in the last business year, which ended at the end of March this year, to around 2.24 billion euros. Mulfingen is to remain the headquarters of EBM-Papst.

However, the growth has been influenced by the withdrawal from several business areas. In the core business, EBM-Papst grew by twelve percent, according to the announcement. The company expects over ten percent revenue growth in the continuing business areas for the current business year. No profit figures were provided. Mulfingen remains the headquarters even after the sale.

The chairman of Madison Air, Jill Wyant, said: "We are convinced that we can build together on the already strong foundation." The completion of the deal is expected by the end of the year. More: No more orders from PC manufacturers - EBM-Papst managed to get back on the success track.