GEA to acquire Bock Kältemaschinen, Germany
GEA Refrigeration Technologies, a segment of the GEA Group, announced the acquisition of Bock Kältemaschinentechnik GmbH in Frickenhausen (near Stuttgart in Germany).
“Strategically, Bock fits very well to GEA Refrigeration Technologies” Juerg Oleas, CEO of Gea Group commented. “Bock instantaneously gives us access to a much wider range of cooling applications and they also enhance our know how with regard to environmentally friendly solutions based on natural refrigerants for which the market shows rising demand.” Niels Graugaard, COO of GEA’s process technology businesses, showed himself confident about the opportunities arising from the addition of Bock’s high quality products: “Together with Bock, GEA Refrigeration Technologies should be able to develop some interesting growth potentials across the globe.”
The transaction will be financed entirely through Gea group’s existing credit facilities. The transaction remains subject to approval by the anti-trust authorities.
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