GEA Group Aktiengesellschaft
GEA Group Aktiengesellschaft: GEA acquires specialist for filling lines in Slovenia
DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Takeover GEA acquires specialist for filling lines in Slovenia Düsseldorf (Germany), November 15, 2017 – GEA, one of the largest equipment and solutions supplier for the food processing industry, has signed an agreement to acquire VIPOLL, a family owned manufacturer of filling technologies for carbonated soft drinks, beer and fresh milk products. The acquisition strengthens GEA’s market position as a total solutions provider in the beverage processing industry. It adds competence in filling of especially glass bottles and cans, as well as pet bottles for non-sensitive products. VIPOLL is based in Križevci pri Ljutomeru, Slovenia and employs more than 100 employees. In 2016, it generated sales of approximately EUR 20 million. Both companies have agreed to keep the purchase price confidential. Completion of the transaction is expected by the end of 2017. The transaction is still subject to approval by the antitrust authorities.
About GEA
15.11.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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: | ir@gea.com |
Internet: | www.gea.com |
ISIN: | DE0006602006 |
WKN: | 660200 |
Indices: | MDAX |
Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich; Regulated Unofficial Market in Hanover, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |