acquisition

EBM-Papst sold to US group Madison Air in $5.4B deal

German cooling technology expert EBM-Papst is being acquired by US-based Madison Air for $5.4 billion, aiming to boost US market access amid rising data center and AI cooling demand. The deal, expected to close by end of 2026, will keep headquarters in Mulfingen but raises questions about its electromobility cooling portfolio under new ownership.