Madison Air Agrees to Acquire ebm-papst

In brief: Madison Air Solutions has entered a definitive agreement to acquire ebm-papst, an airflow-technology supplier headquartered in Mulfingen, Germany. Madison Air announced an enterprise purchase price of $5.4 billion, or $5.0 billion net of future tax savings. An SEC filing identifies Madison Air Solutions Germany GmbH as purchaser and describes the interests in specified ebm-papst companies covered by the sale and purchase agreement. Madison Air Solutions Corporation, sec.gov

What happened?

Madison Air Solutions entered into a definitive agreement to acquire ebm-papst. The company’s announcement describes Madison Air as a global provider of air-quality solutions and identifies ebm-papst as the transaction target. The agreement establishes a contemplated acquisition; the supplied materials do not establish that the transaction has closed. Madison Air Solutions Corporation

Madison Air announced the acquisition on August 17, 2026. Its SEC filing states that Madison Air Solutions Corporation and its wholly owned subsidiary, Madison Air Solutions Germany GmbH, entered into the Sale and Purchase Agreement on August 15, 2026. sec.gov

The SEC filing identifies Madison Air Solutions Germany GmbH as the purchaser. It states that the acquisition covers all issued and outstanding shares and limited partnership interests in the specified ebm-papst target companies. sec.gov

Madison Air said ebm-papst operates in approximately 40 countries. The company also said ebm-papst’s technology portfolio includes more than 1,200 patents. Madison Air Solutions Corporation

Madison Air said ebm-papst has more than 250 million fans installed worldwide within its Air Technology business. Its announcement says the products are specified early in the HVAC/R design process for mission-critical applications. Madison Air Solutions Corporation

Why does it matter to investors?

Reported fact: Madison Air stated that ebm-papst’s integrated airflow technology would be added to its portfolio and that the transaction would extend its capabilities across more of the air-technology value chain. Madison Air Solutions Corporation

Vault of Money analysis: The valuation multiples Madison Air disclosed are explicitly tied to forecast adjusted EBITDA and, in one case, estimated run-rate synergies. Those measures are forward-looking transaction metrics rather than reported realized results. Madison Air Solutions Corporation

What should investors watch next?

Monitor Madison Air’s stated target of $160 million in annual run-rate cost synergies by year three; the company presented this as an expectation, not a confirmed result. Madison Air Solutions Corporation

Key takeaways

• The announced transaction is governed by an executed sale and purchase agreement, while the supplied evidence does not establish closing. Madison Air Solutions Corporation, sec.gov
• The disclosed transaction metrics include management-provided forecasts, approximate operating figures and estimated synergies. Madison Air Solutions Corporation

Sources

• Madison Air Solutions Corporation: Madison Air to Acquire ebm-papst, Expanding Return on Air™ Capabilities and Accelerating Durable Growth in Air Quality Solutions (August 17, 2026)
• sec.gov: mair-20260815 (August 17, 2026)