Germany: GEA Group AG acquires Huppmann Group AG
GEA Group AG expects to strengthen the brewery business unit of its Process Engineering Division with acquisition of the Huppmann Group AG. Huppmann is a global supplier of equipment to the brewery industry and a leading brew-house specialist. Huppmann, based in Kitzingen, near Würzburg, in southern Germany, has annual sales in the region of €60 million, Reed Business Information announced June 05.
GEA Group will now be able to meet all the process engineering requirements of the international brewing industry, the company says, in both the hot and cold segments.
“Acquisition of Huppmann AG is a strategically important step for the GEA Group. Beer is a market with high-growth rates, particularly in the developing markets. This move will enable us to supply the full processing lines for breweries," says GEA Group’s executive board member Peter Schenk.
The parties to the deal have agreed not to reveal the purchase price.
The GEA Group, headquartered in Bochum, Germany, is a globally successful technology group with operating companies in around 50 countries. GEA stands for Global Engineering Alliance. The company now focuses on specialty mechanical engineering – especially process engineering and equipment – and plant engineering. The GEA Group is one of the world's market and technology leaders in 90 percent of its businesses.
In 2005, 17,500 or so employees generated Group sales of EUR 4.5 billion.
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