Madison Air Solutions Corp To Buy ebm-papst For $5.40 Bln Enterprise Value

Madison Air Solutions Corp said the transaction is expected to be accretive to adjusted EPS in the first full year post-closing.

The company expects $160 million in annual run-rate cost synergies by year three and said it intends to fund the transaction through a combination of cash on hand and debt and equity financing.

Madison Air Solutions Corp said it will acquire ebm-papst, expanding its Return on Air™ capabilities and accelerating durable growth in air quality solutions.

The company said the deal values ebm-papst at $5.40 billion enterprise value, or $5 billion net of tax savings.