Klaus Geißdörfer: The man who makes EBM-Papst 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 early on the business model with data centres.
Klaus Geißdörfer has been leading EBM-Papst since late 2021. US company Madison Air has acquired the ventilation specialist for 5.1 billion euros. Geißdörfer denies that his role was to prepare the company for sale from the start. The deal was advised by Goldman Sachs and decided within ten weeks, with the three owner families, McCracken, Philippiak, and Sturm, choosing to sell. EBM-Papst is based in Mulfingen, Baden-Württemberg.
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.
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