DGAP-News: GEA Group Aktiengesellschaft: GEA acquires powder specialist Nu-Con in New Zealand
(firmenpresse) - DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Mergers&Acquisitions
GEA Group Aktiengesellschaft: GEA acquires powder specialist Nu-Con in
New Zealand
11.07.2011 / 09:00
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Düsseldorf, July 11, 2011 - GEA Group has acquired Nu-Con Ltd in Auckland,
New Zealand, a major global supplier of powder handling components,
complete powder handling systems and bulk filling lines. With 167
employees, Nu-Con generated some EUR 27 million in revenues during the FY
ending March 2011. Nu-Con's powder handling systems are especially used for
infant formula, dairy and other food processing as well as in various
industrial applications. The company will be integrated into the segment
GEA Process Engineering. The transaction will be financed entirely through
GEA Group's existing credit facilities. It remains subject to approval by
the anti-trust authorities and is expected to be consummated in September
2011.
'The acquisition of Nu-Con is a further important strategic step in
positioning GEA in the bulk powder handling market. Nu-Con fits perfectly
into our product and location matrix and strengthens our powder business
especially in the growing Asian markets,' noted Niels Graugaard, Member of
the Executive Board of GEA Group Aktiengesellschaft.
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 2010, GEA generated consolidated revenues in
excess of EUR 4.4 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 March 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). In addition GEA Group has a sponsored level
I ADR program in the USA.
To unsubscribe from GEA Group Aktiengesellschaft's news distribution list,
please send an e-mail to pr(at)geagroup.com or call us on +49
(0)211-9136-1492.
Contact:
GEA Group Aktiengesellschaft
Phone +49 (0)211 9136 1492
Fax +49 (0)211 9136 31087
www.geagroup.com
End of Corporate News
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Language: English
Company: GEA Group Aktiengesellschaft
Peter-Müller-Straße 12
40468 Düsseldorf
Deutschland
Phone: +49 (0)211 9136-0
Fax: +49 (0)211 9136-31087
E-mail: ir(at)geagroup.com
Internet: www.geagroup.com
ISIN: DE0006602006
WKN: 660200
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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131459 11.07.2011
Datum: 11.07.2011 - 09:00 Uhr
Sprache: Deutsch
News-ID 34577
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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