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Nov 15, 2017 11:32 EEST
LJUBLJANA (Slovenia), November 15 (SeeNews) – Germany's GEA said on Wednesday it has signed an agreement to acquire Slovenia's family-owned manufacturer of filling technologies for carbonated soft drinks, beer and fresh milk products, VIPOLL, for an undisclosed sum.
The acquisition strengthens GEA’s market position as a total solutions provider in the beverage processing industry, GEA, one of the largest suppliers of equipment and solutions to the food processing industry, said in a statement on Wednesday.
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The completion of the transaction is expected by the end of 2017. Both parties have agreed to keep the purchase price confidential.
"The acquisition of VIPOLL broadens GEA’s solutions portfolio for the beverage industry. The complementarity to our products provides an excellent opportunity to fill a white spot," explained Jurg Oleas, CEO of the GEA Group.
"This will support our position as a leading global supplier of complete solutions for the beverage industry," he added.
VIPOLL is based in Krizevci pri Ljutomeru and employs more than 100 people. Its customers are mainly in Europe which should lead to sales synergies from marketing its technology globally and increasing the share of services through GEA’s existing sales and service network.
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