ebm-papst Acquires Guard Grill Specialist Lae
Reinforcement in Italy
Stefan Brandl, Group CEO, says: “By acquiring a supplier with whom we have done business for years, we are increasing the flexibility and efficiency of our international production network. And we are boosting the transfer of knowledge in the areas of design and material research.”
The manufacturing company founded in 1973 has approximately 100 employees and annual revenues of almost €10 million. Headquartered in Caravate (near Milan), the company will be assigned to ebm-papst S.r.l., the Group’s Italian subsidiary, also located near Milan.
The parties agreed to maintain secrecy regarding the purchase price.
ebm-papst Mulfingen GmbH & Co. KG
The ebm-papst Group is the world's leading manufacturer of fans and motors. Since it was founded, the technology company has continuously set global market standards. Developments have ranged from electronically controlled EC fans, through aerodynamic improvements of fan blades, on to the resource-conserving selection of materials, with sustainable materials being just one option.
In fiscal year 2015/16, the company achieved sales of almost €1.7 billion. ebm-papst employs approximately 13,000 people at 25 production sites (in Germany, China, the United States and elsewhere) and in 49 sales offices worldwide. Fans and motors from the global market leader can be found in many industries, including ventilation, air conditioning and refrigeration, household appliances, heating, automobiles and drive engineering.