Chronicle of GEA
|1881||Metallgesellschaft AG (MG) established as a metalstrading company.|
MG becomes a global player represented on all continents.
Investments in mines and metallurgical plants.
Metallurgische Gesellschaft (Lurgi) founded.
Large proportion of foreign investments lost in the First World War.
Start of chemicals trading.
|1920||Gesellschaft für Entstaubungsanlagen (GEA), a company producing dedusting equipment, founded.|
|1939-1945||Extensive destruction of MG and GEA production facilities.|
|1945-1980||Following reconstruction, numerous product innovation sensure increasing commercial success.|
|Reconstrucction and Globalization|
|1989||GEA goes public.|
More intense acquisition activity in GEA (including Grasso, Niro,Westfalia Separator and Tuchenhagen).
GEA sales increase to EUR 2 billion with 17,000 employees.
MG enters the field of special chemistry with the acqui-sition of Dynamit Nobel AG.
The MG Group has 63,000 employees generating sales of around EUR13 billion.
|1993||Heavy losses on oil transactions in the U.S. plunge MGinto a crisis.|
Start of a fundamental realignment of the MG Groupturning it into an innovative technology group.
Up to 1996 disposal of around 300 companies in the Group.
Focus on engineering and chemicals.
|1999||Metallgesellschaft acquires GEA AG.|
|2000||Metallgesellschaft AG becomes mg technologies ag.|
|2003||Strategic realignment of the Group focusing on specialty mechanical engineering, especially process engineering and equipment and on plant engineering.|
|2004||Disposal of the Chemicals division: sale of four of the five business units in Dynamit Nobel AG.|
|The new GEA|
Change in company name from mg technologies ag to GEA Group Aktiengesellschaft.
Disposal of the DynamitNobel Plastics business unit.
|2007||Sale of Plant Engineering Segment.|
|2008||"GEA" as corporate master brand.|
|2010||GEA to streamline the group structure, centralization of all heat exchanger activities, 9 divisions become 5 segments.|
|2011||Acquisition of Convenience Food Systems (CFS), headquartered in Bakel, Netherlands, and integration as 6th segment "GEA Food Solutions"|
|2014||Sale of the Heat Exchangers Segment and decision to restructure the group into two business areas as well as a national organization.|