Loar Holdings Inc. announced on February 20, 2025, that it has entered into a put option agreement to acquire 100% of LMB Fans & Motors. The acquisition is valued at €365 million plus the assumption of net debt, payable in cash at closing.
LMB Fans & Motors is described as a global specialty player in customized high-performance fans and motors, primarily serving the European defense market. This acquisition aligns with Loar's strategy of expanding its proprietary, A&D-centric businesses with aftermarket potential.
Concurrently, Loar also announced select preliminary, unaudited financial results for the fourth quarter and full year 2024, indicating record performance. A full earnings release and conference call are scheduled for March 31, 2025.
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