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GEA Group Aktiengesellschaft: GEA acquirers leading supplier of hygienic pumps

DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Acquisition
GEA Group Aktiengesellschaft: GEA acquirers leading supplier of
hygienic pumps

30.06.2015 / 14:00

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GEA acquirers leading supplier of hygienic pumps

Düsseldorf, June 30, 2015 - GEA has acquired Hilge, a leading supplier of
hygienic pumps, especially stainless steel pumps for food and beverage
applications. The company is based at Bodenheim, Germany and generated with
about 150 employees revenues of more than EUR 35 million in fiscal year
2014. Hilge's product range is complementary to the offering of GEA's flow
components portfolio. The transaction remains subject to approval by the
anti-trust authorities.

"With the acquisition of Hilge, we continue implementing our M&A strategy
to fill technological gaps by acquiring accretive specialist companies
which complement our product portfolio", commented Juerg Oleas, CEO of GEA.
"Hilge strengthens our position as a leading supplier of equipment and
provider of solutions in hygienic and aseptic process environments."

"Hilge has been a part of the Grundfos Group since 2004. Nevertheless, the
increased focus for Grundfos on core business has led to the conclusion
that the sanitary business is not a strategic focus area. GEA is a strong
strategic fit for Hilge with strong synergies expected given GEA's focus on
the processing industry, including food and beverage. Everyone wins! GEA
expands in its focus area, Grundfos concentrates on its core business, and
Hilge joins an organization where it will play a strong strategic role",
says Executive Vice President Lars Aagaard, Head of Business Development of
Grundfos.



About GEA
GEA is one of the largest suppliers for the food processing industry and a
wide range of process industries that generated consolidated sales of
approximately EUR 4.5 billion in 2014. As an international technology
group, the Company focuses on process technology and components for
sophisticated production processes in various end-user markets. The Group
generates more than 70 percent of its revenue in the sustainably growing
food industry. As of March 31, 2015, the Group employed more than 18,000
people worldwide. GEA is a market and technology leader in its business
areas. The Company is listed in Germany's MDAX stock index (G1A, WKN 660
200). In addition, GEA's share is a constituent of one of the MSCI Global
Sustainability Indexes. Further information is available on the Internet at
www.gea.com.

If you do not want to receive any further information from GEA, please send
an email to [e-mail] or call us.

Contact:
GEA Group Aktiengesellschaft
Phone [phone]
Fax [phone]
www.gea.com



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Language: English
Company: GEA Group Aktiengesellschaft
Peter-Müller-Straße 12
40468 Düsseldorf
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
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


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373589 30.06.2015