GEA closes acquisition of Vipoll
GEA completed the acquisition of Vipoll, headquartered in Križevci pri Ljutomeru, Slovenia, which was signed in November 2017. With the acquisition, GEA has added to its group a manufacturer of filling technologies for soft drinks, beer and fresh milk products into glass bottles and cans, as well as PET bottles.
“This acquisition will support our position as a leading global supplier of complete solutions for the beverage industry. The complementarity to our products provides an excellent opportunity to fill a white spot”, explained Jürg Oleas, CEO of GEA.
Vipoll employs more than 100 employees. In 2016, it generated sales of approximately EUR 20 million. Both companies have agreed to keep the purchase price confidential.
Vipoll adds innovative filling and bottling equipment, container conveyors and comprehensive engineering solutions for low and mid speed lines to GEA’s downstream process chain competencies. Vipoll’s 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 & service network.
