GEA closes sale of refrigeration contracting operations in Spain and Italy

DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Miscellaneous GEA closes sale of refrigeration contracting operations in Spain and Italy 05.11.2021 / 08:00 The issuer is solely responsible for the content of this announcement. GEA closes sale of refrigeration contracting operations in Spain and Italy Düsseldorf, November 5, 2021 - GEA has successfully concluded the sale of its refrigeration contracting activities in Spain and Italy, to Clauger, as was contractually agreed in June 2021. The closing took place on October 29, 2021.The parties have agreed not to disclose the financial details of the transaction. The sale does not affect GEA's compressor selling business in the two countries, which will be continued by GEA. Clauger is a French family-owned company that specializes in industrial refrigeration and air-conditioning systems. Based near Lyon, Clauger employs approximately 1,600 employees and generated sales of 350 million EUR in 2020. Media Relations Anne Putz Peter-Müller-Str. 12, 40468 Düsseldorf, Germany Phone [phone] [e-mail] About GEA GEA is one of the world's largest systems suppliers to the food, beverage and pharmaceutical industries. The internationally active industrial technology group focuses on machines and plants as well as sophisticated process technology, components and comprehensive services. With more than 18,000 employees, the Group generated sales of more than EUR 4.6 billion in fiscal year 2020. A key focus is on making customers' production processes ever more sustainable and efficient. GEA's plants, processes and components help to significantly reduce CO2 emissions, the use of plastics and food waste in production worldwide. In line with its corporate mission statement "Engineering for a better world", GEA is thus making a decisive contribution to a sustainable future. 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 gea.com. If you do not want to receive any further information from GEA, please send an e-mail to [e-mail]. Contact: GEA Group Aktiengesellschaft Phone [phone] Fax [phone] gea.com 05.11.2021 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:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
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:	1246448

End of News	DGAP News Service

1246448  05.11.2021