GEA closes sale of barn and milk cooling technology businesses

04 Jan 2021

On December 31, 2020, GEA has closed the sale of Japy Tech SAS (formerly GEA Farm Technologies Japy SAS) and Royal De Boer Stalinrichtingen B.V. to Mutares SE & Co. KGaA that was contractually agreed in November 2020.

French company Japy Tech SAS produces milk cooling tanks in Dijon, France. Royal De Boer Stalinrichtingen B.V. is a leading European manufacturer of barn equipment based in Leeuwarden, the Netherlands. GEA will retain access to the product portfolios of both companies so that it can continue to meet individual customer needs in the future. The two companies achieved combined revenues of around EUR 50 million in 2019. The parties have agreed not to disclose financial details of the transaction.

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GEA is one of the world’s largest suppliers of systems and components to the food, beverage and pharmaceutical industries. The international technology group, founded in 1881, focuses on machinery and plants, as well as advanced process technology, components and comprehensive services.

With more than 18,000 employees, the group generated revenues of about EUR 5.4 billion in more than 150 countries in the 2023 fiscal year. GEA plants, processes, components and services enhance the efficiency and sustainability of customer’s production. They contribute significantly to the reduction of CO2 emissions, plastic usage and food waste. In doing so, GEA makes a key contribution toward a sustainable future, in line with the company’s purpose: ”Engineering for a better world“. GEA is listed on the German MDAX the European STOXX® Europe 600 Index and is among the companies comprising the DAX 50 ESG, MSCI Global Sustainability as well as Dow Jones Sustainability World and Dow Jones Sustainability Europe Indices.

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GEA is one of the world’s largest systems suppliers for the food, beverage and pharmaceutical sectors. Our portfolio includes machinery and plants as well as advanced process technology, components and comprehensive services. Used across diverse industries, they enhance the sustainability and efficiency of production processes globally.

GEA is listed in the German MDAX and the STOXX® Europe 600 Index and is also among the companies comprising the DAX 50 ESG and MSCI Global Sustainability Indices.

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