GEA closes sale of refrigeration contracting and service activities in France

01 Mar 2022

GEA yesterday successfully concluded the sale of its refrigeration contracting and service operations in France after entering exclusive negotiations with Syclef in September 2021.

Both parties have agreed not to disclose the financial details of the transaction. On the French market, GEA will now focus on selling compressors and related services and equipment, such as spare parts, to packagers and contractors.

Founded in 2003, Syclef is a leading French company specialized in the installation and maintenance of refrigeration and HVAC systems. Based in Rousset (Souh of France), the company counts about 1,100 employees in 34 independent entities in France. With the acquisition of GEA’s refrigeration contracting and service activities in France, Syclef strengthens its pure player leading position on the French refrigeration and HVAC market.

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GEA is one of the world’s largest suppliers of systems and components to the food, beverage and pharmaceutical industries. The international technology group, founded in 1881, focuses on machinery and plants, as well as advanced process technology, components and comprehensive services.

With more than 18,000 employees, the group generated revenues of about EUR 5.4 billion in more than 150 countries in the 2023 fiscal year. GEA plants, processes, components and services enhance the efficiency and sustainability of customer’s production. They contribute significantly to the reduction of CO2 emissions, plastic usage and food waste. In doing so, GEA makes a key contribution toward a sustainable future, in line with the company’s purpose: ”Engineering for a better world“. GEA is listed on the German MDAX the European STOXX® Europe 600 Index and is among the companies comprising the DAX 50 ESG, MSCI Global Sustainability as well as Dow Jones Sustainability World and Dow Jones Sustainability Europe Indices.

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GEA is een van 's werelds grootste systeemleveranciers voor de voedingsmiddelen-, dranken- en farmaceutische sector. Ons portfolio omvat machines en installaties, evenals geavanceerde procestechnologie, componenten en uitgebreide diensten. Ze worden gebruikt in diverse industrieën en verbeteren de duurzaamheid en efficiëntie van productieprocessen wereldwijd.

GEA is genoteerd op de Duitse MDAX en de STOXX® Europe 600-index en behoort ook tot de bedrijven die zijn opgenomen in de DAX 50 ESG- en MSCI Global Sustainability-indexen.

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