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GEA Group Aktiengesellschaft To Spin Off Heat Exchanger Business-Reuters

Thursday, 20 Jun 2013 09:24am EDT 

Reuters reported that GEA Group Aktiengesellschaft said it plans to spin off its heat exchanger business, its second largest by revenue but which offers limited synergies with its other operations. GEA Heat Exchangers (HX) is no longer to be counted as core business by GEA. GEA has hence decided to separate from this business in the medium term and is reviewing all options for a separation. Instead the group aims to focus on its highly stable business with the food industry. 

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