DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Disposal
GEA sells compressor manufacturer Bock to NORD Holding
"We are pleased to have found a new owner for Bock in NORD Holding. It is our firm conviction that NORD Holding will develop Bock's business potential as a producer of commercial compressors mainly for use in stationary and transport-related cooling applications in the best possible way. In GEA's Refrigeration Technologies division, we will concentrate in the future on our industrial compressors business. Our portfolio here includes customized solutions for the optimum use of waste heat, enabling our customers to operate their production facilities ever more sustainably or even become carbon neutral," commented Stefan Klebert, CEO of GEA Group Aktiengesellschaft.
Bock has a strong market position, is excellently positioned with its products and is commercially successful. Since becoming part of the GEA Group, the business has developed very positively. Bock is a leading manufacturer of open and semi-hermetic piston compressors in the lower and medium refrigeration capacity range. The company employs some 340 people worldwide and generated sales of almost EUR 90 million in the 2019 fiscal year. Two-thirds of the employees work at GEA Bock's headquarters in Frickenhausen, Germany. There are three additional locations in the Czech Republic, India and China.
Corporate Media and Press:
About NORD Holding
GEA Group Aktiengesellschaft
Phone +49 (0)211 9136 1081
Fax +49 (0)211 9136 31087
|Company:||GEA Group Aktiengesellschaft|
|Phone:||+49 (0)211 9136-0|
|Fax:||+49 (0)211 9136-31087|
|Listed:||Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich; Regulated Unofficial Market in Hanover, Stuttgart, Tradegate Exchange|
|EQS News ID:||1134511|
|End of News||DGAP News Service|