M&A Activity • Oct 8, 2014
M&A Activity
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Corporate | 8 October 2014 11:30
GEA Group Aktiengesellschaft: GEA announces bolt-on acquisitions to enhance application know how
GEA Group Aktiengesellschaft / Key word(s): Mergers & Acquisitions
08.10.2014 / 11:30
GEA announces bolt-on acquisitions to enhance application know how
Düsseldorf, October 8, 2014 – GEA signed an agreement to acquire de Klokslag in the Netherlands. The company is a leading supplier of large scale equipment for semi-hard cheese production in Europe. The transaction remains subject to approval by the anti-trust authorities. De Klokslag is well known to GEA, as both companies have cooperated in the market at various occasions over the past decade.
“De Klokslag fits perfectly with our new strategic approach to complement our application competencies along selected end product lines. This acquisition turns us into a full solution provider in this growing segment of the dairy sector” commented Juerg Oleas, CEO of GEA Group. “While de Klokslag has a first rate product and strong processing capabilities on their own, they will benefit significantly from GEA’s global sales network and our systematic service approach.”
GEA also acquired Scan Vibro in Denmark, a smaller company making powder conveying systems for various food applications under strictest sanitary process requirements.
Both acquisitions combined have ca. 160 employees and ca. EUR 40 million in revenues (2013).
About GEA Group
GEA Group Aktiengesellschaft is one of the largest suppliers of equipment for the food industry as well as 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 about 18,000 people worldwide as of June 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 .
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Contact:
GEA Group Aktiengesellschaft
Phone +49 (0)211 9136 1492
Fax +49 (0)211 9136 31087
www.gea.com
08.10.2014 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: | [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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| 290599 08.10.2014 |
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