Düsseldorf

Within the scope of its “Fit for 2020” initiative, the Executive Board of GEA Group Aktiengesellschaft resolved to introduce a new group structure.

In the course of 2015, the operational activities of GEA will be bundled into two new Business Areas, “Equipment” and “Solutions” and reported accordingly. The customer-oriented Sales and Service activities are to be combined on a local level into one organization per country. In addition, administrative functions will be streamlined, stronger standardized and managed considerably more centrally in the future.

The efficiency-optimized structures of the operational business and administrative activities are expected to yield substantial savings. The target is to achieve annual savings of at least EUR 100 million by the end of 2017. According to first estimates, the cash-relevant non-recurring expenditures until then are likely to add up to approximately the amount of the aforementioned annual savings.

Next, further details of the new organization will be defined in a blueprint detailing phase up to the end of the year. According to schedule, the first implementation measures will be launched in the 2015 fiscal year.
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