GEA Group Aktiengesellschaft / Key word(s): Acquisition 20.12.2010 13:26 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Bochum, December 20, 2010 - GEA Group Aktiengesellschaft, today acquired the company Convenience Food Systems (CFS) headquartered at Bakel, NL. The transaction remains subject to approval by the antitrust authorities and is expected to be consummated during the first half year 2011. CFS is a manufacturer of technology for the processing and packaging of animal protein foodstuffs (meat, fish, cheese). CFS expects a turnover this financial year of about EUR 400 M. The acquisition of CFS presents GEA with an opportunity to enter a new and steadily growing sector of food processing and packaging. In addition, it represents a platform to build on with further acquisitions in the future. CFS is to be integrated into the GEA Group as a sixth independent segment. The purchase price is based on an enterprise value of about EUR 435 M and will be financed with existing credit facilities. GEA expects the gearing to come down again to prior levels during the next 3 years thanks to the free cash flows of the group. 20.12.2010 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: GEA Group Aktiengesellschaft Dorstener StraÃe 484 44809 Bochum Deutschland Phone: +49 (0)234 980-0 Fax: +49 (0)234 980-1004 E-mail: ir@geagroup.com Internet: www.geagroup.com ISIN: DE0006602006 WKN: 660200 Indices: MDAX Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime Standard), Hamburg, München; Freiverkehr in Hannover, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: GEA Group Aktiengesellschaft: GEA acquires Convenience Food Systems (CFS)
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