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DGAP-News: GEA Group Aktiengesellschaft: GEA signs an agreement to sell its refrigeration contracting operations in Spain and Italy

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Tuesday, June 29, 2021
Heating, ventilation, and air conditioning, Thermodynamics, Food preservation, Gea, Physical sciences, Refrigeration, Castel, Chemistry, Academic disciplines, GEA Refrigeration Technologies, GEA Bock, GEA, Clauger, GEA, CLAUGER

Dsseldorf, June 29, 2021 - GEA yesterday signed an agreement to sell its refrigeration contracting operations in Spain and Italy to Clauger, the French family-owned company that specializes in industrial refrigeration and air-conditioning systems.

Key Points: 
  • Dsseldorf, June 29, 2021 - GEA yesterday signed an agreement to sell its refrigeration contracting operations in Spain and Italy to Clauger, the French family-owned company that specializes in industrial refrigeration and air-conditioning systems.
  • The two legal entities that form part of the transaction are GEA Refrigeration Italy S.p.A., based in Castel Maggiore (near Bologna) and GEA Refrigeration Ibrica S.A., based in Alcobendas (near Madrid), both of which provide customized refrigeration solutions for industrial customers.
  • "We are pleased to have found a solid buyer with family-owned group Clauger," commented Stefan Klebert, CEO GEA Group AG.
  • GEA will now focus its efforts on selling compressors and related equipment to packagers and contractors in Spain and Italy."