“This acquisition follows our declared strategy to expand the food process technology activities of GEA Group horizontally. We are taking our portfolio another big step forward towards the less cyclical food industry. In doing so, we can leverage the brand value of GEA by offering our customers ever more solutions along their entire process chain from one single source,” declared Jürg Oleas, CEO of GEA Group.
“In the medium term, GEA sees potential to considerably boost profits at CFS in cooperation with the existing management and to realize synergies with existing GEA businesses,” said Niels Graugaard, member of the executive board and COO of GEA.