GEA Group acquires Turkish air treatment specialist ISISAN

08-Mar-2006

The GEA Group has acquired ISISAN, a Turkish air treatment specialist based in Istanbul. ISISAN has been a strategic partner of GEA's Air Treatment division since 1999 and will now be integrated into its structure.

"This acquisition will enable us to consolidate our strong position in Europe, the core market for the Air Treatment division, and will also give us access to new, fast-growing markets in the Caucasus and the Central Asian republics", commented Peter Schenk, a member of the GEA Group Aktiengesellschaft Executive Board. ISISAN employs about 30 people and generates sales of just under EUR 10 million.

Other news from the department business & finance

Most read news

More news from our other portals

Discover the latest developments in battery technology!