GEA completes additional measure to optimize the Business Area Solutions
Düsseldorf, November 21, 2019 - In November, GEA sold de Klokslag to Evert IJntema and Jan Dijkema. De Klokslag, which is one of Europe's leading manufacturers of large-scale plants for hard and semi hard cheese, has roughly 80 employees and, according to the latest figures, generates an annual revenue of around EUR 15 million. The parties have agreed not to disclose any details of the transaction. Apart from this divestment, there are currently no plans to sell any other companies within the cheese processing segment. GEA will continue providing process solutions for cheese producers.
"Following detailed analysis as part of the ongoing restructuring of the current Business Area Solutions, we decided to sell the de Klokslag. In light of their current business model, we expect greater potential for a more successful development of the business for all parties involved, independent of the Group. We have thus completed a further measure for the sustainable optimization of the Business Area Solutions," said Stefan Klebert, CEO of GEA Group Aktiengesellschaft.
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GEA is one of the largest suppliers for the food processing industry and a wide range of other industries that generated consolidated revenues of approximately EUR 4.8 billion in 2018. The international technology group specializes in machinery, and plants as well as process technology and components. GEA provides sustainable energy solutions for sophisticated production processes in various end-user markets and offers a comprehensive service portfolio. The group generates around 70 percent of its revenue in the food and beverages sector that enjoys long-term sustainable growth. As of December 31, 2018, the company employed about 18,500 people worldwide. GEA is a market and technology leader in its business areas. The company is listed on the German MDAX (G1A, WKN 660 200), the STOXX(R) Europe 600 Index and selected MSCI Global Sustainability Indexes. Further information is available on the Internet at gea.com.
GEA Group Aktiengesellschaft
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Fax +49 (0)211 9136 31087
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