01 March 2022
GEA closes sale of refrigeration contracting and service activities in France
GEA successfully concluded the sale of its refrigeration contracting and service operations in France after entering exclusive negotiations with Syclef in September 2021.
Both parties have agreed not to disclose the financial details of the transaction. On the French market, GEA will now focus on selling compressors and related services and equipment, such as spare parts, to packagers and contractors.
Founded in 2003, Syclef is a leading French company specialized in the installation and maintenance of refrigeration and HVAC systems. Based in Rousset (Souh of France), the company counts about 1,100 employees in 34 independent entities in France. With the acquisition of GEA’s refrigeration contracting and service activities in France, Syclef strengthens its pure player leading position on the French refrigeration and HVAC market.
Both parties have agreed not to disclose the financial details of the transaction. On the French market, GEA will now focus on selling compressors and related services and equipment, such as spare parts, to packagers and contractors.
Founded in 2003, Syclef is a leading French company specialized in the installation and maintenance of refrigeration and HVAC systems. Based in Rousset (Souh of France), the company counts about 1,100 employees in 34 independent entities in France. With the acquisition of GEA’s refrigeration contracting and service activities in France, Syclef strengthens its pure player leading position on the French refrigeration and HVAC market.