16 MAR 2012
Düsseldorf, March 15, 2012 – GEA has acquired Aseptomag, one of the world’s leading suppliers of aseptic and hygienic valves, valve modules, and system solutions. Based in Kirchberg, Switzerland, the company had a workforce of 35 employees and generated revenue of around CHF 19.5 million in the last fiscal year. Aseptomag’s customers are mostly dairy, beverage, and food companies, but also include the pharmaceutical, chemical, and cosmetic industries. The company will be integrated into the GEA Mechanical Equipment Segment. The transaction will be financed through GEA Group’s existing credit facilities and is still subject to approval by the relevant antitrust authorities. GEA expects to complete the acquisition in Q2 2012.
This acquisition will help GEA expand its expertise in the fast-growing area of sterile and aseptic applications and increase its components offering for its core market – food. “Aseptomag is a strong addition to our existing product portfolio. Our worldwide sales network offers new market opportunities for Aseptomag products,” explained Niels Graugaard, the member of the Executive Board of GEA Group Aktiengesellschaft who is responsible for the process technology sector.
About GEA Group
GEA Group Aktiengesellschaft is one of the largest suppliers of process technology and components for the food and energy industries. As an international technology group, the Company focuses on sophisticated production processes. In 2011, GEA generated consolidated revenues in excess of EUR 5.4 billion, 70 percent of which came from the food and energy sectors, which are long-term growth industries. The group employed about 23,000 people worldwide as of December 31, 2011. 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).