GEA Group AG

M&A Activity • Mar 31, 2010

News Details

Corporate | 31 March 2010 11:55

GEA Group Aktiengesellschaft: GEA acquires SKIOLD MULLERUP A/S

GEA Group Aktiengesellschaft / Acquisition

31.03.2010 11:55

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Bochum, March 31, 2010 - GEA Group Aktiengesellschaft has acquired SKIOLD
MULLERUP A/S, a leading manufacturer of automatic feeding, manure handling
and bedding systems for cows headquartered in Ullerslev, Denmark. Therewith
GEA continues its expansion strategy of its segment GEA Farm Technologies
towards a total solutions provider in livestock farming.

'This is another important stepstone in our strategy, to enhance our
product portfolio, now including automatic feeding technology, an
increasingly important success factor in modern livestock farming', says
Dirk Hejnal, Segment President of GEA Farm Technologies.

From being a small blacksmith shop established in 1901, MULLERUP has grown
into an innovative company specialized in automation within dairy farming.
Since 1993, the company has been affiliated with the SKIOLD Group, one of
the largest suppliers of technical equipment and management systems for the
pork producers in Europe. GEA Farm Technologies will grow the product line
MULLERUP internationally and is dedicated to strengthen its Business Unit
Farm Equipment globally, too. MULLERUP will continue to operate out of
their headquarters and manufacturing facility in Ullerslev.

'We are proud to become part of GEA Group, which will strengthen the
success of our product lines in the global market. The MULLERUP products
fit perfectly into the Total Solutions Strategy of GEA Farm Technologies',
says Carsten Poulsen CEO of SKIOLD MULLERUP A/S. 'The new ownership gives
us the possibility to continue our expansion strategy'.

GEA Group Aktiengesellschaft is one of the largest system providers for
food and energy processes with about EUR 4.4 billion in 2009 revenue. As an
internationally operating technology group, the company focuses on process
technology and components for demanding production processes in various end
markets. The group gains about 70 percent of its revenue in the long-term
growing food and energy industries. The company's workforce comprised over
20,000 employees worldwide as of December 31, 2009. GEA Group is a market
and technology leader in its business areas. The company is listed in the
MDAX index (G1A, WKN 660200).

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Language: English
Company: GEA Group Aktiengesellschaft
Dorstener Straße 484
44809 Bochum
Deutschland
Phone: +49 (0)234 980-0
Fax: +49 (0)234 980-1004
E-mail: ir@geagroup.com
Internet: www.geagroup.com
ISIN: DE0006602006
WKN: 660200
Indices: MDAX
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
Düsseldorf, München, Hamburg; Freiverkehr in Hannover,
Stuttgart

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