GEA closes sale of refrigeration contracting operations in Spain and Italy

Düsseldorf, November 5, 2021 - GEA has successfully concluded the sale of its refrigeration contracting activities in Spain and Italy, to Clauger, as was contractually agreed in June 2021. The closing took place on October 29, 2021.The parties have agreed not to disclose the financial details of the transaction. The sale does not affect GEA's compressor selling business in the two countries, which will be continued by GEA.

Clauger is a French family-owned company that specializes in industrial refrigeration and air-conditioning systems. Based near Lyon, Clauger employs approximately 1,600 employees and generated sales of 350 million EUR in 2020.

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About GEA
GEA is one of the world's largest systems suppliers to the food, beverage and pharmaceutical industries. The internationally active industrial technology group focuses on machines and plants as well as sophisticated process technology, components and comprehensive services. With more than 18,000 employees, the Group generated sales of more than EUR 4.6 billion in fiscal year 2020. A key focus is on making customers' production processes ever more sustainable and efficient. GEA's plants, processes and components help to significantly reduce CO₂ emissions, the use of plastics and food waste in production worldwide. In line with its corporate mission statement "Engineering for a better world", GEA is thus making a decisive contribution to a sustainable future.

GEA is listed in the German MDAX and the STOXX^(R) Europe 600 Index and is also among the companies comprising the
DAX 50 ESG and MSCI Global Sustainability Indices.

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