Altor Equity-backed Multi-Wing, an axial fan manufacturer for engine cooling and industrial heat exchangers, completed the acquisition of VIP Air Empowerment, a ventilating equipment manufacturer. Financial terms were not disclosed. “I am thrilled about the opportunities that lie ahead as Multi-Wing and VIP finally join forces. Combining our 65+ years of aerodynamic expertise and modular axial impeller portfolio with VIP’s long-time focus on fan solutions, integrated setup, and very strong product portfolio makes this combination highly synergistic and a strong enabler for our long-term vision. I look forward to welcoming everyone in VIP into the Multi-Wing family,” Jesper Bernhoft, Multi-Wing CEO.