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Comment Business & Economics

GEA strengthens position in the freezing business

By Jeremy Ondrey |

GEA Group AG (Bochum, Germany; www.geagroup.com) has further strengthened its Refrigeration Division through the acquisition of Eurotek Engineering Ltd, a leading engineering company in the food freezing equipment business headquartered in Norwich, U.K. In 2007, Eurotek generated sales of approximately 8 million euros with a workforce of 21 employees. The acquisition took effect on January 16, 2009. The acquisition of Eurotek substantiates GEA’s strategy to acquire companies which complement GEA’s technological or geographical product offering. In particular, cooling and freezing technology for the food industry are key growth areas within GEA Refrigeration. While GEA acquired Aerofreeze (Canada) in 2007 and developed Aerofreeze Europe (France) in 2008, the acquisition of Eurotek will ideally complement GEA’s freezing business in Europe and enables realization of further identified growth and synergies. The main activities of Eurotek include the design, engineering, installation and after sales service of industrial freezers consisting of Spiral Freezers, Tunnel Freezers and Carton Freezers. Purpose of these freezers is the cooling, chilling or freezing of food and other products in a continuous process in an industrial…
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