DGAP-News: GEA Group Aktiengesellschaft: GEA sells its barn equipment and milk cooling technology businesses to Mutares SE & Co KGaA
DGAP-News: GEA Group Aktiengesellschaft
/ Key word(s): Disposal
GEA sells its barn equipment and milk cooling technology businesses to Mutares SE & Co KGaA "We are pleased that Mutares SE & Co. KGaA will become the new owner of both companies, as Mutares is in a position to develop each company's business potential to the best possible extent," commented Stefan Klebert, CEO of GEA Group AG. The sale will allow GEA's Farm Technologies division to focus on: automation and digitalization of milking installations and processes, smart solutions for herd management and on products that ensure milk quality, guarantee facility hygiene and improve cow health. Likewise, the division will continue to offer a wide range of manure handling products and systems, particularly for the North American market. GEA will retain access to the product portfolio of both divested companies to continue serving individual customer needs.
Corporate Media and Press:
About Mutares Contact: GEA Group Aktiengesellschaft Phone +49 (0)211 9136 1081 Fax +49 (0)211 9136 31087 gea.com
04.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | GEA Group Aktiengesellschaft |
Peter-Müller-Straße 12 | |
40468 Düsseldorf | |
Germany | |
Phone: | +49 (0)211 9136-0 |
Fax: | +49 (0)211 9136-31087 |
E-mail: | [email protected] |
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, Tradegate Exchange |
EQS News ID: | 1145410 |
End of News | DGAP News Service |
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1145410 04.11.2020
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