Closing of Bock Kaltemaschinen takeover completed

April 1, 2011 15:04

Effective March 31, GEA Group Aktiengesellschaft successfully concluded the takeover of Bock Kaltemaschinentechnik GmbH, who are headquartered at Frickenhausen near Stuttgart in Germany, reports with reference to GEA Group.

Like the recent acquisition Convenience Food Systems the result of Bock will be consolidated for the remaining nine months of 2011 in GEA's statements. On a pro forma basis, however, GEA will in the future disclose key figures of the acquired business for the whole year. Revenues of Bock during the prior business year amounted to more than EUR 70 million.

With the acquisition of Bock, GEA has added to its group a leading supplier of open and semi-hermetic piston compressors for stationary and transport-related cooling applications. Bock's products are a perfect complement to GEA's product portfolio in the lower and medium refrigeration capacity range. The company will be integrated into the GEA Refrigeration Technologies Segment.

GEA Group Aktiengesellschaft is one of the largest suppliers of process technology and components for the food and energy industries. As an international technology group, the Company focuses on sophisticated production processes. In 2010, GEA generated consolidated revenues in excess of EUR 4.4 billion, 70 percent of which came from the food and energy sectors, which are long-term growth industries. The group employed over 20,000 people worldwide as of December 31, 2010. GEA Group is a market and technology leader in its business areas. It is listed in Germany's MDAX stock index (G1A, WKN 660 200).

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