In line with its stated strategic portfolio optimization, Gea is divesting two companies that until now have been part of the Group’s Farm Technologies division.
The companies concerned are Gea Farm Technologies Japy SAS, a French manufacturer of milk cooling tanks based in Dijon, and Royal De Boer Stalinrichtingen BV, a leading European supplier of various barn types equipment based in Leeuwarden in the Netherlands. Combined, the two companies generated revenues of approximately EUR 50 million in 2019. The purchase agreement with Mutares, a stock listed private equity company, was signed on 4 November 2020. Both parties have agreed not to disclose the transaction’s financial details, which is subject to merger control approval. The closing of the transaction is expected in December 2020.
“We are pleased that Mutares SE & Co. KGaA will become the new owner of both companies, as Mutares is in a position to develop each company’s business potential to the best possible extent,” commented Stefan Klebert, chief executive officer of Gea Group.
The sale will allow Gea’s Farm Technologies division to focus on — automation and digitalization of milking installations and processes, smart solutions for herd management, and products that ensure milk quality guarantees facility hygiene and improve cow health. Likewise, the division will continue to offer a wide range of manure handling products and systems, particularly for the North American market. Gea will retain access to the product portfolio of both divested companies to continue serving individual customer needs.
IndiFoodBev — authentic, impactful and influential
An English-language food and beverage processing and packaging industry B2B platform in print and web, IndiFoodBev is in its third year of publication. It is said that the Indian food and beverage industries represent approximately US$ 900 billion in revenues which implies more than 20% of the country’s GDP. Eliminating the wastage on the farmside can help to deliver more protein to a higher number of the population apart from generating sizable exports. The savings in soil, seeds, water, fertilizer, energy and ultimately food and nutrition could be the most immense contribution that country is poised to make to the moderation of climate change.
To improve your marketing and grow sales to the food and beverage processing and packaging industry, talk to us. Our research and consulting company IppStar [www.ippstar.org] can assess your potential and addressable markets in light of the competition. We can discuss marketing, communication, and sales strategies for market entry and growth.
Suppliers and service providers with a strategy and budget for targeted marketing can discuss using our hybrid print, web, video, and social media channels to create brand recognition linked to market relevance. Our technical writers are ready to meet you and your customers for content.
The second largest producer of fruit and vegetables in the world is continuously expanding processing capacities and delivery systems with appropriate innovative technologies. We cover product and consumer trends, nutrition, processing, research, equipment and packaging from farm to thali. Get our 2025 media kit and recalibrate your role in this dynamic market. Enhance your visibility and relevance to existing markets and turn potential customers into conversations. Ask for a sample copy of our bi-monthly in print or our weekly IndiFoodBev eZine each Wednesday.
For editorial info@ippgroup.in — for advertisement ads1@ippgroup.in and for subscriptions subscription@ippgroup.in
Naresh Khanna – 10 February 2025
Subscribe Now
