Madison Air Solutions to buy Germany's ebm-papst in $5.4 billion deal

Aug. 17 (Reuters) - Madison Air Solutions said on Monday it would acquire German ventilation technology group ebm-papst in a deal valued at $5.4 billion, expanding its air quality and ventilation solutions business.

The deal will see ebm-papst's three shareholder families transfer their stakes to Madison Air, which is seeking to strengthen its position in Europe and broaden its technology portfolio.

Ebm-papst, a major supplier of fans, motors and ventilation systems for air conditioning and refrigeration, will benefit from Madison Air's presence in the United States and operational expertise, it said in a statement.

For Madison, the acquisition provides access to ebm-papst's technology, engineering capabilities and customer base, particularly in Europe and Asia, allowing it to expand beyond its core North American market.

Ebm-papst will retain its headquarters in Mulfingen, southern Germany, as well as key research, development and production operations, it said.