GEA Farm Technologies has acquired Milfos International Ltd

Posted on 19 November 2012

Bönen, November 14, 2012 – GEA Farm Technologies increases its expertise in pastoral based dairy farming with the acquisition of the Milfos International Group; with its headquarters based in Hamilton, New Zealand. 

Milfos is a leading designer and manufacturer of innovative dairy technologies offering a comprehensive range of milking, cooling, stalling and automation solutions along with service and maintenance programs focused on grazing farm applications. This acquisition clears the way for GEA Farm Technologies to fully participate in growth opportunities within all pastoral farming markets worldwide and specifically within the key market of New Zealand.  New Zealand exports 95% of its annual milk production representing more than one-third of all global cross-border trade.

“This acquisition is another important step in the GEA Farm Technologies Total Solutions Strategy. The Milfos product portfolio enables us to better meet the requirements of grazing markets by offering best-in-class tailored solutions. In addition, our combined sales channels will strengthen our position in Asia Pacific and increase GEA Farm Technologies influence in emerging markets” says Dr. Ulrich Hüllmann, CEO and Segment President of GEA Farm Technologies.

“This acquisition offers significant benefits to our customers. Our companies share strong common values and innovative spirit. These elements are at the heart of our daily activities and our drive to deliver technological advances that create sustainable value for our customers into the future” says Jamie Mikkelson, CEO and Co-Shareholder of Milfos International Ltd.

Milfos, exporting to more than 20 countries, was formed in 1987 and has more than 100 employees. It has a strong background in precision stainless steel manufacturing and the company has diversified into electronics, plastics and mild steel products. With a policy of adopting in-house manufacturing the company controls all aspects of the product life cycle, including research, design, production and delivery.

The acquisition is subject to approval of the New Zealand Overseas Investment Office (OIO).

GEA Farm Technologies with its main office in Bönen, Germany offers farmers integrated product and application solutions, which today`s producers require: From design and planning of barn- and business concepts, up to the daily herd and farm management. Since 1926 the company is known for future-oriented technical innovations. With its combined key competences from milk production, manure systems, barn equipment, automatic feeding as well as state-of-the-art service and hygiene concepts, GEA Farm Technologies provides a complete and up-to date range of products and services. These products and services cover all herd sizes and meet the full range of customer requirements around the world, supporting the scale and nature of individual livestock operations. GEA Farm Technologies employs about 2,300 people worldwide in subsidiaries in over 60 countries.

GEA Group Aktiengesellschaft is one of the largest suppliers of process technology and components for the food and energy industries. As an international technology group, the Company focuses on sophisticated production processes. In 2011, GEA generated consolidated revenues in excess of EUR 5.4 billion, 70 percent of which came from the food and energy sectors, which are long-term growth industries. The group employed about 24,500 people worldwide as of September 30, 2012. GEA Group is a market and technology leader in its business areas. It is listed in Germany’s MDAX stock index (G1A, WKN 660 200) and the STOXX® Europe 600 Index. For more information visit www.gea.com.