GEA is one of the largest suppliers of process technology to the food industry
Share capital (09/30/2019) 8.5 %
Voting rights (09/30/2019) 8.5 %
Stake value (09/30/2019) € 380 M
Dividend (12/31/2018) € 10.0 M
Investment year
Business area
Process technology for the food industry
Registered office
Düsseldorf, Germany

GEA is a world leader in the supply of equipment and project management for a wide range of processing industries. Its technology focuses on components and production processes for various markets, particularly in the Food & Beverage sectors. The company employs almost 18,000 people worldwidep

Portfolio value 09/30/2019
2.0 %
Net dividends 12/31/2018
2.2 %
Investment case

The industry combines favorable long-term trends, consolidation opportunities and high barriers to entry:

  • Food & Beverage end-markets driven by urbanization with growing middle class
  • Increasing focus on food safety and quality
  • Greater interest in energy efficient automation

In this sector, GEA is a global leader that offers upside potential:

  • Global leader with #1 or #2 positions in most of its markets
  • Unique technology, know-how and innovation power
  • Solid cash generation and balance sheet profile
  • Good positioning to seize consolidation opportunities
  • Supervisory Board Presiding Committee
  • Supervisory Board 1/12*
  • Presiding Committee 1/6*