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GEA Group Aktiengesellschaft: GEA launches new Group structure

DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Miscellaneous
GEA Group Aktiengesellschaft: GEA launches new Group structure

08.06.2015 / 11:15

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GEA launches new Group structure

Düsseldorf, June 8, 2015 - GEA has launched the optimized new Group
structure developed as part of its "Fit for 2020" initiative, marking a
fundamental shift both in its internal structure and organization, and in
its external customer relations. Starting immediately, the Group is
bundling and reporting the development and manufacturing of products and
the provision of process solutions in two new business areas - "Equipment"
and "Solutions." The new bundling into business areas of roughly equal
strength promises greater operational synergies spanning technologies and
applications, and promotes functional excellence by standardizing
processes. For GEA's customers this means a single national organization
per country as a central point of contact covering the entire product
portfolio and offering all services on a local basis. The new structure
will enable GEA to generate substantial savings while supporting further
growth.

In the Equipment business area, GEA brings together all activities that
feature standardized and (in part) customer-specific equipment offerings.
As a general rule, products are manufactured in large quantities as part of
large-scale series production on a standardized and modular basis. The
Solutions business area brings together all project-based offerings that
extensively cover customer-specific and modular solutions. The business
areas tailor their products and services to the specific applications and
customer requirements.

"The new structure is designed to help us develop from a very good to an
outstanding Company based on a simplified, harmonized, and more streamlined
organization. This means the maximum possible focus within each unit, with
clearly defined responsibilities in terms of applications, products,
technologies, and services. In addition, the changes will safeguard and
further improve our customer focus through first-rate innovations and
services, rapid decision-making processes, uniform and coordinated customer
management, and much more," said Jürg Oleas, CEO of GEA.

The most visible indication of the changes is the Group's new website
(www.gea.com), which was launched at the same time. The significantly