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DGAP-News: GEA Group Aktiengesellschaft
/ Key word(s): Disposal
GEA enters into exclusive negotiations with Syclef to sell its refrigeration contracting and service operations in France
GEA Refrigeration France SAS, based in Les Sorinières (near Nantes), provides customized refrigeration solutions for industrial customers. The company, with about 230 employees, generated revenues of about EUR 75 million in 2020. The company is well established in the French market. However, it does not sustainably reach margin targets set by GEA for this type of business. The potential transaction does not affect GEA's compressor selling business in France, which retains its strategic importance and will be retained by GEA. After the divestiture, the focus in the French market will be on selling compressors and related equipment to packagers and contractors. The transaction remains subject to the information and consultation process of the relevant employee representative bodies in accordance with applicable laws as well as approval by antitrust authorities. A potential closing is not expected before Q1 2022.
Media Relations: GEA is listed in the German MDAX and the STOXX(R) Europe 600 Index and is also among the companies comprising the DAX 50 ESG and MSCI Global Sustainability Indices. More information can be found online at . About SYCLEF
Contact: GEA Group Aktiengesellschaft Phone +49 (0)211 9136 1081 Fax +49 (0)211 9136 31087 gea.com
21.09.2021 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: | |
| Internet: | |
| 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: | 1234807 |
| End of News | DGAP News Service |
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1234807 21.09.2021
