GEA announced it has acquired Swiss valve specialists Aseptomag as part of its strategy to expand its sterile and aseptic offerings in the company’s core sector- food.
The Germany-based company said Aseptomag was a global leader in the supply of aseptic and hygienic valves, valve modules, and system solutions to dairy, beverage and food processors.
The Swiss company, headquartered in Kirchberg, has a workforce of 35 and posted revenues reaching CHF 19.5m (€16m) in 2011. As well as serving the food sectors, Aseptomag also supplies into the pharmaceutical and cosmetics industries.
The new asset will be integrated into GEA Mechanical Equipment Segment.
Aseptic expansion in key food sector
No financial details were released but the company said it expected to complete the deal in the second quarter of 2012 subject to approval from relevant competition authorities.
GEA declared the takeover of Aseptomag would expand its expertise in the fast-growing sectors of sterile and aseptic applications and increase its components offering for food – its core market – food.
“Aseptomag is a strong addition to our existing product portfolio. Our worldwide sales network offers new market opportunities for Aseptomag products,” said Niels Graugaard, GEA Group Aktiengesellschaft executive board member responsible for the process technology sector.
FoodProductionDaily.com contacted GEA for more details but the company declined to comment further.
GEA Group is one of the largest suppliers of process technology and components for the food industry. It employs 23,000 globally and generated revenues of €5.4bn in 2011.