14-Oct-2005 - GEA Group Holding GmbH

GEA Group to Acquire STERIS GmbH

GEA Group Aktiengesellschaft has agreed to acquire STERIS GmbH, a subsidiary of U.S. based STERIS Corporation. The transfer of STERIS GmbH to GEA Group, which is still subject to approval by the antitrust authorities, has been scheduled for November 2005. STERIS GmbH registered in Hürth near Cologne, Germany, is one of the leading manufacturers of freeze dryers for pharmaceutical products. Annual sales of the corporation which employs some 160 persons total approximately 40 million U.S. dollars. "The acquisition of STERIS GmbH is another valuable addition to our product portfolio for the growing pharmaceutical sector. Over the next few years, the demand for freeze dryers will increase substantially, mainly driven by the growth in pharmaceutical products produced via the biotech route," said GEA Group's Executive Board member Peter Schenk. The pharmaceutical freeze drying business of STERIS GmbH will strengthen the Process Engineering Division in the Process Engineering Segment.

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