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Madison Air Madison Air to Acquire ebm - papst , Expanding Return on Air ™ Capabilities and Accelerating Durable Growth in Air Quality Solutions • Acquisition nearly doubles Madison Air's addressable market while vertically integrating differentiated air flow technology and expanding commercial segment , aftermarket and services opportunities • Reinforces the durability and resilience of Madison Air's long - term growth algorithm through the addition of a high - quality business serving attractive , mission - critical air quality , cooling and industrial process applications • Transaction is expected to be accretive to adjusted earnings per share ( EPS ) in the first full year following closing , with anticipated annual run - rate synergies of $ 160 million by year three and Madison Air's proven operating model driving margin expansion CHICAGO , Aug. 17 , 2026 / PRNewswire / -- Madison Air Solutions Corporation ( NYSE : MAIR ) ( the " Company " or " Madison Air " ) , a global provider of air quality solutions , today announced it has entered into a definitive agreement to acquire ebm - papst at an enterprise purchase price of $ 5.4 billion , or $ 5.0 billion net of future tax savings 1 ( " effective enterprise purchase price " ) . The effective enterprise purchase price represents 14.6x ebm - papst's forecasted 2026 adjusted EBITDA , or 10x including estimated run - rate synergies . Headquartered in Mulfingen , Germany and founded in 1963 , ebm - papst is a leading global supplier of high - performance airflow technology and a pioneer in integrated electronically commutated ( " EC " ) fan and motor systems , with more than 250 million fans installed worldwide within its Air Technology business . Its highly engineered products are specified early in the HVAC / R design process , helping customers improve energy efficiency , enhance reliability and reduce total lifecycle costs across mission - critical applications . Operating in approximately 40 countries , ebm - papst serves a diversified global customer base and is expected to generate approximately $ 2.8 billion of revenue and approximately $ 343 million of adjusted EBITDA in 2026 . " We're excited about the opportunities this acquisition creates for our customers , employees and shareholders as Madison Air continues to expand our ability to deliver Return on Air and strengthen our position in attractive , growing markets , " said Jill Wyant , President and CEO of Madison Air . " 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 . " Ms. Wyant continued , " Fans enable the airflow performance our customers depend on every day . By combining ebm - papst's differentiated technology with Madison Air's application expertise , trusted customer relationships and proven operating model , we will help more customers improve uptime , efficiency , compliance and productivity in mission - critical environments . The acquisition nearly doubles our addressable market , broadens our aftermarket and services opportunity , and further strengthens our long - term growth profile . Together , we are confident we can accelerate growth , enhance performance and create significant long - term value for shareholders . " " Madison Air was founded on the belief that business can be one of the most powerful forces for good , particularly when we help people live safer , healthier and more productive lives through the power of better air , " said Larry Gies , Chairman of the Board and Founder of Madison Air . " Adding ebm - papst to the Madison Air portfolio is a natural extension of that purpose . The Board of Directors and I have tremendous confidence in Jill and her team and believe this combination will make Madison Air a stronger company capable of serving more customers , pursuing a larger opportunity and creating enduring value for many years to come . " Klaus Geiẞdörfer , CEO of ebm - papst added , " Since our founding more than six decades ago , ebm - papst has built a reputation on engineering excellence , innovation and earning the trust of our customers . Madison Air shares that philosophy and has demonstrated a long - term commitment to supporting entrepreneurial businesses . We are excited to join an organization that values our people , our culture and our technology , and we look forward to what we can accomplish together . " 1 Figures assume an exchange rate of 1 EUR to 1.14 USD . Future tax savings based on the net present value of the expected amortization of intangible assets over 15 years after the closing . Compelling Strategic and Financial Rationale : • Deepens vertical integration and expands technology portfolio : The acquisition adds ebm - papst's integrated airflow technology , supported by more than 1,200 patents , to Madison Air's portfolio and extends the Company's capabilities across more of the air technology value chain . This will enable the combined company to accelerate innovation and deliver more holistic solutions throughout the full product lifecycle to solve complex air quality and energy efficiency challenges for customers in mission - critical applications .