M&A Activity • Oct 31, 2014
M&A Activity
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Corporate | 31 October 2014 12:25
GEA Group Aktiengesellschaft: GEA concludes the sale of the Heat Exchangers Segment to Triton
GEA Group Aktiengesellschaft / Key word(s): Acquisition
31.10.2014 / 12:25
GEA concludes the sale of the Heat Exchangers Segment to Triton
Düsseldorf, October 31, 2014 – With economic effect to January 1, 2014, GEA successfully concluded the sale of its Heat Exchangers Segment to funds advised by Triton as planned.
Within the framework of its GEA 2020 group strategy, GEA had decided to more strongly focus its portfolio to further strengthen its position as leading system provider for the food industry and other exacting process industries. With the divestment of the segment, GEA increases its food processing technology share to over 70 percent of group revenue.
About GEA Group
GEA Group Aktiengesellschaft is one of the largest suppliers for the food processing industry and a wide range of other process industries. As an international technology group, the Company focuses on process technology and components for sophisticated production processes. In 2013, GEA generated consolidated revenues in excess of EUR 4.3 billion, more than 70 percent of which came from the food sector, which is a long-term growth industry. The group employed more than 18,000 people worldwide as of September 30, 2014. GEA Group is a market and technology leader in its business areas. It is listed in Germany’s MDAX stock index (G1A, WKN 660 200) and the STOXX (R) Europe 600 Index. Further information is available on the Internet at: www.gea.com .
About Triton
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Northern Europe – with a focus on Germany, Switzerland, Austria and the four Nordic countries: Denmark, Finland, Norway and Sweden. Within this European region, Triton focuses on businesses in the Industrial, Business Services and Consumer/Health sectors. Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 30 companies currently in Triton’s portfolio have combined sales of approximately EUR 15 billion and over 67,500 employees. The Triton funds are advised by dedicated teams of investment professionals based in Germany, Sweden, the United Kingdom, Luxembourg and Jersey.
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Contact:
GEA Group Aktiengesellschaft
Phone +49 (0)211 9136 1492
Fax +49 (0)211 9136 31087
www.gea.com
31.10.2014 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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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: | [email protected] |
| Internet: | www.gea.com |
| ISIN: | DE0006602006 |
| WKN: | 660200 |
| Indices: | MDAX |
| Listed: | Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime Standard), Hamburg, München; Freiverkehr in Hannover, Stuttgart |
| End of News | DGAP News-Service |
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| 294332 31.10.2014 |
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