24 MAR 2010
24-03-2010: GEA Group concluded takeover of Covenience Food Systems (CFS)
GEA Group Aktiengesellschaft successfully concluded the takeover of Convenience Food Systems (CFS), who are headquartered at Bakel, Netherlands. The result of CFS will be consolidated for the remaining nine months of 2011 in GEA’s statements. On a pro forma basis however, GEA will in the future disclose key figures of the acquired business for the whole year. Revenues of CFS during the prior business year amounted to ca. EUR 407 million.
GEA Group Headquarters
With the acquisition of CFS, GEA has added to its group one of the most multi-faceted suppliers of secondary food processing and packaging machinery (meat, fish, cheese). GEA will manage the acquisition as a new independent segment under the name GEA Convenience-Food Technologies (CT).