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Germany's GEA sells heat exchangers business for $1.8 bln
date:Apr 17, 2014
German industrial machinery and engineering company GEA Group has struck a deal to sell its heat exchangers division for about 1.3 billion euros ($1.8 billion) to concentrate on its burgeoning food equipment business.

GEA said it will use proceeds from the sale to private equity investor Triton for acquisitions to sharpen its focus on food-related operations, which will now account for more than 70 percent of group revenues.

Triton is paying about 1 billion euros and assuming pension obligatio

12/24 01:17