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For immediate release: ebm-papst acquires a stake in the Nethersland-based Argus Vision B.V. Company (Germany. January 16, 2008) - Acquiring a stake in the company, which specializes in development of burner controllers, makes it possible for ebm-papst to expand in the field of electronically controlled gas condensing boilers. "Acquiring a stake in Argus Vision is a building block for our strategic expansion of the heating business" says Hans-Jochen Beilke, Chairman of the Board of Managing Directors of ebm-papst. Our stake in the company allows us to continuously expand as a system supplier, especially with regard to our revolutionary "LambdaConstant" development. 19 highly qualified employees work at the company's location in `s-Hertogenbosch, The Netherlands, producing specialized control systems for heating and air-conditioning units. ebm-papst's acquisition of 50% the shares was preceded by a successful cooperation in place since 2006. Argus Vision has been assigned to ebm-papst's Landshut location, which is headed by Stefan Brandl. It was agreed to keep the purchase price confidential. About ebm-papst Incorporated Headquartered in Farmington, Connecticut, ebm-papst Incorporated has been the market leader in the fan and blower industry for the past twenty years. ebm-papst products are represented in many industries, including ventilation, air-conditioning and refrigeration technology, household appliances, heating engineering, in IT/telecommunications applications as well as those in automotive and commercial vehicle engineering. ebm-papst extends their services beyond the sale of a fan by offering their customers expertise in the design and manufacture of higher-level air moving assemblies including fan trays, blower boxes, and electronic equipment chassis. About the LambdaConstant System The LambdaConstant System from ebm-papst is a revolution in condensing boilers. Consisting of an intelligent ebm-papst blower and a control unit, the LambdaConstant is the first system ever to adjust automatically to optimum combustion, always-even where variable gas types are present. It achieves all this entirely independent of the location of use and the present conditions, such as air pressure or the length of the flue gas tract. For more information about our Argus Vision controls or premix gas blowers, please contact Tom Costello, Product Manager, at our Farmington, CT headquarters: marketing@us.ebmpapst.com
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