GERMANY: GEA has concluded the sale of its Bock compressor business to to German private equity business Nord Holding.
The deal, first announced in September last year, includes Bock GmbH and its subsidiaries in the Czech Republic and India, as well as its sites in China and Australia. The parties have not disclosed the financial details of the transaction.
Bock is a leading manufacturer of open and semi-hermetic piston compressors in the lower and medium refrigeration capacity range. Headquartered in Frickenhausen, Germany, the company employs some 340 people worldwide and generated sales of almost €90m in 2019.
The company was founded by Wilhelm Bock and Hans Göldner in 1932 as a refrigeration contractor. It started its own production in 1937, becoming Bock & Co KG a year later. It was acquired by GEA in 2011.
Bock operates over 10 sales locations worldwide and employs around 340 people. It has production sites in Frickenhausen (Germany), Kostelec u Stříbra (Czech Republic), Bangalore (India) and Suzhou (China). Two thirds of the employees work at the company’s headquarters in Frickenhausen, Germany.