GEA Group AG(GEAGY.PK,GEAGF.PK) increased its expertise in pastoral based dairy farming with the acquisition of the Milfos International Group. The purchase would be executed in November 2012.
Formed in 1987, Milfos is exporting to more than 20 countries and hasmore than 100 employees. The company will be integrated into the segmentGEA Farm Technologies.
Chairman of the Executive Board of GEA Group,Jürg Oleas commented, "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 GEA's position in Asia/Pacific and increase GEA Farm Technologies influence in emerging markets."
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