DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Acquisition
GEA Group Aktiengesellschaft: GEA concludes the sale of the Heat
Exchangers Segment to Triton
31.10.2014 / 12:25
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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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please send an e-mail to pr@gea.com.
Contact:
GEA Group Aktiengesellschaft
Phone +49 (0)211 9136 1492
Fax +49 (0)211 9136 31087
www.gea.com
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31.10.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: GEA Group Aktiengesellschaft
Peter-Müller-StraÃe 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: 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
DGAP-News: GEA Group Aktiengesellschaft: GEA concludes the sale of the Heat Exchangers Segment to Triton
| Source: EQS Group AG