ebm-papst Group based in Mulfingen (Baden-Wurttemberg) has acquired Lae S.r.l., specialist for fan guard grills, retroactively effective January 1, 2017. With this acquisition, the world market leader for fans and motors has increased the vertical range of manufacture for its safety-relevant components used in ventilation, cooling and air conditioning applications.
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.
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.
