Madison Air Solutions Corporation (NYSE: MAIR) has announced a definitive agreement to acquire ebm-papst for an enterprise purchase price of $5.4 billion, with a net cost of $5.0 billion after accounting for future tax savings.
The acquisition is anticipated to be finalized by the end of the year.
This strategic move aims to enhance Madison Air Solutions' position in the global air quality solutions market.
The deal underscores the company's commitment to expanding its product offerings and market reach.
"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.