On September 23, 2026, the Slovak competition authority (PMÚ) approved a merger that involves Madison Air Solutions Corporation from the United States acquiring indirect exclusive control over several German companies, including ebm-papst Mulfingen GmbH & Co. KGaA, Elektrobau Mulfingen GmbH & Co. KGaA, ebm-papst Verwaltungs GmbH, and ebm-papst Finanzierungsgesellschaft mbH, along with their subsidiaries.

This merger is characterized as conglomerate in nature, with no horizontal or vertical overlaps between the participants. As a result, the PMÚ concluded that it does not raise concerns regarding competition distortion and issued a decision without further justification.

The decision became legally binding on October 9, 2026.