GEA Group AG

M&A Activity • Nov 15, 2017

News Details

Corporate | 15 November 2017 09:00

GEA Group Aktiengesellschaft: GEA acquires specialist for filling lines in Slovenia

DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Takeover

15.11.2017 / 09:00

The issuer is solely responsible for the content of this announcement.

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GEA acquires specialist for filling lines in Slovenia

Düsseldorf (Germany), November 15, 2017 – GEA, one of the largest equipment and solutions supplier for the food processing industry, has signed an agreement to acquire VIPOLL, a family owned manufacturer of filling technologies for carbonated soft drinks, beer and fresh milk products. The acquisition strengthens GEA’s market position as a total solutions provider in the beverage processing industry. It adds competence in filling of especially glass bottles and cans, as well as pet bottles for non-sensitive products. VIPOLL is based in Križevci pri Ljutomeru, Slovenia and employs more than 100 employees. In 2016, it generated sales of approximately EUR 20 million. Both companies have agreed to keep the purchase price confidential. Completion of the transaction is expected by the end of 2017. The transaction is still subject to approval by the antitrust authorities.

“The acquisition of VIPOLL broadens GEA’s solutions portfolio for the beverage industry. The complementarity to our products provides an excellent opportunity to fill a white spot. This will support our position as a leading global supplier of complete solutions for the beverage industry. In respect of shareholder value, we rated this acquisition as more EPS-accretive than alternative capital allocations”, explained Jürg Oleas, CEO of GEA Group Aktiengesellschaft.

VIPOLL adds innovative filling and bottling equipment, container conveyors and comprehensive engineering solutions for low and mid speed lines to GEA’s downstream process chain competencies. VIPOLL’s customers are mainly in Europe which should lead to sales synergies from marketing its technology globally and increasing the share of services through GEA’s existing sales & service network.

Corporate media and press:

GEA Group Aktiengesellschaft

Marc Pönitz

Peter-Müller-Str. 12, 40468 Düsseldorf, Germany

Phone +49 211 9136-1500

marc.poenitz@gea.com

About GEA

GEA is one of the largest suppliers for the food processing industry and a wide range of other industries that generated consolidated revenues of approximately EUR 4.5 billion in 2016. The international technology group focuses on process technology and components for sophisticated production processes in various end-user markets. The group generates around 70 percent of its revenue in the food and beverages sector that enjoys long-term sustainable growth. As of September 30, 2017, the company employed about 17,000 people worldwide. GEA is a market and technology leader in its business areas. The company is listed on the German MDAX (G1A, WKN 660 200). In addition, GEA’s stock is included in the MSCI Global Sustainability Indexes. Further information is available on the Internet at gea.com .

Contact:

GEA Group Aktiengesellschaft

Phone +49 (0)211 9136 1492

Fax +49 (0)211 9136 31087

gea.com

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15.11.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

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Language:	English
Company:	GEA Group Aktiengesellschaft
	Peter-Müller-Straße 12
	40468 Düsseldorf
	Germany
Phone:	+49 (0)211 9136-0
Fax:	+49 (0)211 9136-31087
E-mail:	ir@gea.com
Internet:	www.gea.com
ISIN:	DE0006602006
WKN:	660200
Indices:	MDAX
Listed:	Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich; Regulated Unofficial Market in Hanover, Stuttgart, Tradegate Exchange

End of News	DGAP News Service