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21 Jun 2021

Agreement to sell a majority stake in Multi-Wing Group to Altor

The ultimate owner and CEO of Multi-Wing has sold a controlling stake in the business to Altor to get support from a partner through its next growth phase, both organically and via acquisitions.

Founded in 1938, Multi-Wing Group is a global market and technology leader in customized axial fans for HVAC/R and engine cooling applications.

Headquartered in Denmark, Multi-Wing Group has a global presence, including 13 production centres, three development centres and several sales sites across North America, Europe and Asia Pacific with approximately 380 employees.

Customers include a long list of globally leading OEMs in a wide range of applications, including construction and agricultural vehicles, wind turbines, cooling towers, condensers, generator sets and industrial ventilation, adding up to more than 100,000 possible product configurations.