GEA announces bolt-on acquisitions to enhance application know how
GEA signed an agreement to acquire de Klokslag in the Netherlands. The company is a leading supplier of large scale equipment for semi-hard cheese production in Europe. The transaction remains subject to approval by the anti-trust authorities. De Klokslag is well known to GEA, as both companies have cooperated in the market at various occasions over the past decade.
“De Klokslag fits perfectly with our new strategic approach to complement our application competencies along selected end product lines. This acquisition turns us into a full solution provider in this growing segment of the dairy sector” commented Juerg Oleas, CEO of GEA Group. “While de Klokslag has a first rate product and strong processing capabilities on their own, they will benefit significantly from GEA’s global sales network and our systematic service approach.”
GEA also acquired Scan Vibro in Denmark, a smaller company making powder conveying systems for various food applications under strictest sanitary process requirements.
Both acquisitions combined have ca. 160 employees and ca. EUR 40 million in revenues (2013).
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