GEA has acquired Milfos International Limited in New Zealand
Düsseldorf, November 14, 2012 – GEA increases its expertise in pastoral based dairy farming with the acquisition of the Milfos International Group; with its headquarters based in Hamilton, New Zealand. The company is a leading designer and manufacturer of innovative dairy technologies offering a comprehensive range of milking, cooling, stalling and automation solutions along with service programs focused on grazing farm applications. Milfos, exporting to more than 20 countries, was formed in 1987 and has more than 100 employees. The company will be integrated into the segment GEA Farm Technologies. The acquisition will be executed in November 2012.
This acquisition is another step for GEA Farm Technologies on the way to fully participate in growth opportunities within all pastoral farming markets worldwide and specifically within the key market of New Zealand. New Zealand exports 95% of its annual milk production representing more than one-third of all global cross-border trade.
“The Milfos product portfolio enables us to better meet the requirements of grazing markets by offering best-in-class tailored solutions. In addition, our combined sales channels will strengthen GEA’s position in Asia/Pacific and increase GEA Farm Technologies influence in emerging markets” explains Jürg Oleas, Chairman of the Executive Board of GEA Group Aktiengesellschaft.
About GEA Group
GEA Group Aktiengesellschaft is one of the largest suppliers of process technology and components for the food and energy industries. As an international technology group, the Company focuses on sophisticated production processes. In 2011, GEA generated consolidated revenues in excess of EUR 5.4 billion, 70 percent of which came from the food and energy sectors, which are long-term growth industries. The group employed about 24,500 people worldwide as of September 30, 2012. GEA Group is a market and technology leader in its business areas. It is listed in Germany’s MDAX stock index (G1A, WKN 660 200) and the STOXX® Europe 600 Index.
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