Corporate | 22 June 2015 13:45

GEA Group Aktiengesellschaft: GEA broadens technology portfolio in cheese production lines by acquiring CMT S.p.A.

GEA Group Aktiengesellschaft / Key word(s): Acquisition

2015-06-22 / 13:45

GEA broadens technology portfolio in cheese production lines by acquiring CMT S.p.A.

Düsseldorf, June 22, 2015 – GEA has completed the acquisition of CMT S.p.A., a leading supplier of single equipment and integrated production lines for pasta filata cheese (fresh mozzarella and pizza cheese). Thereby, GEA reinforces once more its capabilities at the growing sector of cheese processing after the recent acquisition of de Klokslag, a leading supplier of large scale equipment for semi-hard cheese production in Europe with revenues of more than EUR 35 million in 2014. Located in Peveragno (Northern Italy), CMT generated EUR 11 million revenues with ca. 70 employees in 2014. While the European Union has been its main regional market, CMT also has significant project references in the Americas. GEA plans to integrate this business into its Application Center Dairy within the newly created Business Area Solutions.

“The purchase of CMT is another textbook example of our bolt-on M&A strategy to fill technological gaps by acquiring accretive specialist companies in order to enhance our offering of complete process solutions in attractive market applications like cheese processing in this particular case”, observed Jürg Oleas, CEO of GEA. “It is quite telling that several of CMT’s customers have also been GEA customers. CMT will enrich our scope of solutions know how and we can give them strong support in taking this business to the next level – there are clear synergies in respect of globalizing the sales presence, of gaining access to new customers, and of promoting future technology development.”

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 .

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Contact:
GEA Group Aktiengesellschaft
Phone +49 (0)211 9136 1492
Fax +49 (0)211 9136 31087
www.gea.com

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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:	ir@gea.com
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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