Klaus Geißdörfer: The man who makes EBM owners into billionaires
US group Madison Air is paying €5 billion for fan manufacturer EBM-Papst. This is also down to CEO Geißdörfer. He recognised the data centre business model early on.
US-based Madison Air has acquired EBM-Papst, a ventilation specialist, for €5.1 billion. The sale was advised by investment bank Goldman Sachs, and the deal was agreed within just ten weeks. EBM-Papst's CEO, Klaus Geißdörfer, who has been in the role since 2021, will remain with the company, which is based in Mulfingen, Baden-Württemberg. The sale is expected to bring high returns for Madison Air, which is a long-standing customer of EBM-Papst and aims to gain market share in the European data centre equipment market.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
