Madison Air Solutions (NYSE: MAIR) agreed to acquire German airflow leader Ebm-Papst. The transaction carries an enterprise value of $5.4 billion. The deal is expected to close by the end of 2026.
This acquisition expands Madison Air’s addressable market by an estimated $30 billion. The company aims to enhance its offerings in mission-critical applications like data center cooling.
Madison Air gains Ebm-Papst’s portfolio of high-performance fan and motor systems. This portfolio includes more than 1,200 patents.
Madison Air expects the deal to be accretive to adjusted earnings per share in the first full year. The company anticipates $160 million in annual run-rate synergies within three years. Funding will come from a combination of cash, debt, and equity financing.