Madison Air, a provider of air-quality solutions, has announced an agreement to acquire Airflow-Technologies Company for $5.4 billion.
The deal is expected to bolster Madison Air's existing product offerings. The company stated that the acquisition will enable it to introduce new products designed to improve customer uptime, efficiency, and productivity.
Further details regarding the integration of Airflow-Technologies into Madison Air's operations and the specific new product lines were not immediately available.