GEA Acquires Supplier of Hygienic Pumps
GEA has acquired Hilge, a supplier of hygienic pumps, especially stainless steel pumps for food and beverage applications. The company is based at Bodenheim, Germany and generated with about 150 employees revenues of more than EUR 35 million in fiscal year 2014.
Hilge’s product range is complementary to the offering of GEA’s flow components portfolio. The transaction remains subject to approval by the anti-trust authorities.
“With the acquisition of Hilge, we continue implementing our M&A strategy to fill technological gaps by acquiring accretive specialist companies which complement our product portfolio”, commented Juerg Oleas, CEO of GEA. “Hilge strengthens our position as a leading supplier of equipment and provider of solutions in hygienic and aseptic process environments.”
“Hilge has been a part of the Grundfos Group since 2004. Nevertheless, the increased focus for Grundfos on core business has led to the conclusion that the sanitary business is not a strategic focus area. GEA is a strong strategic fit for Hilge with strong synergies expected given GEA’s focus on the processing industry, including food and beverage. GEA expands in its focus area, Grundfos concentrates on its core business, and Hilge joins an organization where it will play a strong strategic role”, says Executive Vice President Lars Aagaard, Head of Business Development of Grundfos.
Source: GEA Group Aktiengesellschaft