Profile
GEA is a world leader in the supply of equipment and project management for a wide range of processing industries. Its technology and services focus on components and manufacturing solutions for various markets, particularly in the Food & Beverage and Pharmaceutical sectors. The company employs more than 18,200 people worldwide.
2.2 %
Portfolio value 12/31/2022
2.6 %
Net dividend 12/31/2022
Investment case
The Processing Equipment sectors in which GEA is present combine favorable long-term trends with consolidation opportunities:
- Food & Beverage end-markets driven by urbanization with growing middle class
- Pharmaceutical end-markets driven by ageing population and increasing health awareness
- Continuing focus on safety and quality in both Food & Beverages and Pharmaceuticals
- Greater interest in energy-efficient automation and ESG more broadly
- Fragmented market with smaller specialty players.
GEA is a global leader offering significant upside potential:
- #1 or #2 positions in most of its markets
- Unique technology, know-how, innovation (e.g. in "new food") as well as leadership in ESG
- Proven management team focusing on accelerating organic growth and improving profitability
- Solid cash generation and balance sheet
- Well-positioned to seize consolidation opportunities.
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Supervisory Board 1/12*
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Presiding Committee 1/4*
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Nomination committee 1/3*
- Supervisory Board Presiding Committee Nomination committee
* Number of GBL's representatives in statutory bodies in relation to the total number of members. Governance information is dated 12/31/2021, except where superseded by more recent public disclosures.