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GEA Group Aktiengesellschaft: GEA acquires leading supplier of advanced lines for soft and hard biscuits

DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Takeover
GEA Group Aktiengesellschaft: GEA acquires leading supplier of advanced
lines for soft and hard biscuits

03.02.2016 / 15:00
The issuer is solely responsible for the content of this announcement.

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GEA acquires leading supplier of advanced lines for soft and hard biscuits

Düsseldorf (Germany), February 3, 2016 - GEA yesterday signed an agreement
to take over Imaforni Int'l S.p.A., a leading supplier of demanding
industrial processing equipment and solutions for the biscuits industry.
The company is based in Verona, Italy and generated revenues in excess of
EUR 85 million with around 210 employees in fiscal year 2015.

Imaforni is highly complementary to GEA's recent acquisition of Comas and
will further strengthen the cake and pastry operations of the application
center bakery with industrial biscuit lines mainly for hard biscuits and
crackers. This acquisition is another step towards realizing its
application strategy and to improve GEA's leading position in advanced
process technology for the food industry.

"We are happy about the chance to acquire with Imaforni another technology
specialist. This makes GEA a market leader for sophisticated equipment for
the biscuits industry", commented Jürg Oleas, CEO of GEA. "Since we have
sold our heat exchangers business in 2014 we have made six bolt-on
acquisitions perfectly complementing our existing application-based
competencies. In total, these acquisitions have further raised the group's
profitability, while the margins of the heat exchanger business were below
average. We are happy to welcome all Imaforni employees at GEA."


About GEA
GEA is one of the largest suppliers for the food processing industry and a
wide range of process industries that generated consolidated revenues 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 food sector that
enjoys long-term sustainable growth. As of September 30, 2015, the Company
employed around 18,000 people worldwide. GEA is a market and technology
leader in its business areas. The Company is listed in Germany's MDAX (G1A,
WKN 660 200). In addition, GEA's share is a constituent of the MSCI Global
Sustainability Indexes. Further information is available on the Internet at
gea.com.

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

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


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03.02.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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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


End of News DGAP News Service
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433099 03.02.2016