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PRESS RELEASE: GEA Group Aktiengesellschaft: GEA completes additional measure to optimize the Business Area Solutions

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DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Disposal
GEA Group Aktiengesellschaft: GEA completes additional measure to optimize
the Business Area Solutions
2019-11-21 / 09:30
The issuer is solely responsible for the content of this announcement.

*GEA completes additional measure to optimize the Business Area Solutions*

Düsseldorf, November 21, 2019 - In November, GEA sold de Klokslag to Evert
IJntema and Jan Dijkema. De Klokslag, which is one of Europe's leading
manufacturers of large-scale plants for hard and semi hard cheese, has
roughly 80 employees and, according to the latest figures, generates an
annual revenue of around EUR 15 million. The parties have agreed not to
disclose any details of the transaction. Apart from this divestment, there
are currently no plans to sell any other companies within the cheese
processing segment. GEA will continue providing process solutions for cheese
producers.

"Following detailed analysis as part of the ongoing restructuring of the
current Business Area Solutions, we decided to sell the de Klokslag. In
light of their current business model, we expect greater potential for a
more successful development of the business for all parties involved,
independent of the Group. We have thus completed a further measure for the
sustainable optimization of the Business Area Solutions," said Stefan
Klebert, CEO of GEA Group Aktiengesellschaft.

*Corporate Media and Press:*
Marc Pönitz
Peter-Müller-Str. 12, 40468 Düsseldorf
Tel. +49 (0)211 9136-1500
marc.poenitz@gea.com

*About GEA*
GEA is one of the largest suppliers for the food processing industry and a
wide range of other industries that generated consolidated revenues of
approximately EUR 4.8 billion in 2018. The international technology group
specializes in machinery, and plants as well as process technology and
components. GEA provides sustainable energy solutions for sophisticated
production processes in various end-user markets and offers a comprehensive
service portfolio. The group generates around 70 percent of its revenue in
the food and beverages sector that enjoys long-term sustainable growth. As
of December 31, 2018, the company employed about 18,500 people worldwide.
GEA is a market and technology leader in its business areas. The company is
listed on the German MDAX (G1A, WKN 660 200), the STOXX(R) Europe 600 Index
and selected MSCI Global Sustainability Indexes. Further information is
available on the Internet at gea.com [1].

*Contact*
GEA Group Aktiengesellschaft
Phone +49 (0)211 9136 1081
Fax +49 (0)211 9136 31087
gea.com

2019-11-21 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.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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, Tradegate Exchange
EQS News ID: 918207

End of News DGAP News Service

918207 2019-11-21


1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=07b76bfe193a72811d2b2856e955bb27&application_id=918207&site_id=vwd&application_name=news


(END) Dow Jones Newswires

November 21, 2019 03:30 ET ( 08:30 GMT)
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