GEA successfully concluded the acquisition of the Pavan Group, headquartered in Galliera Veneta near Padua, Italy, which was signed in September. With the acquisition of Pavan, GEA has added to its group a leading supplier of extrusion and milling technology for processing all kinds of fresh and dried pasta, pelleted snack products and breakfast cereals.
GEA, one of the largest equipment and solutions supplier for the food processing industry, has signed an agreement to acquire VIPOLL, a family owned manufacturer of filling technologies for carbonated soft drinks, beer and fresh milk products. The acquisition strengthens GEA’s market position as a total solutions provider in the beverage processing industry.
GEA’s order intake in the third quarter of 2017 was EUR 1,057 million and 2.5 percent below the previous year’s level. In terms of revenue, the Business Area (BA) Solutions in particular made gains, with overall group revenue increasing by 2.7 percent to EUR 1,131 million.