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GEA begins heat exchanger sale
GERMANY: GEA is reported to have sent tender documents to private equity investors as the first step in the sale its heat exchanger division.
According to Reuters, the company will be looking to receive tentative bids for it heat exchanger business shortly before Christmas or in January.
GEA announced its intention to sell its heat exchanger division in June last year in order to focus on its core business as system provider to the process and food industries.
GEA Heat Exchangers comprises 13 companies supplying products across a wide range of markets and includes UK businesses Searle and Denco and the German refrigeration companies Kuba and Goedhart.
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