GEA process Engineering Inc. — Part of a Global Family |
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Parent Companiesmg technologies ag is now called GEA Group AktiengesellschaftSince July 12, 2005, mg technologies ag has been operating under the name of GEA Group Aktiengesellschaft. GEA stands for Global Engineering Alliance and underlines the fact that the company is a multinational technology group. As roughly three-quarters of the mg Group's revenue was generated by companies belonging to its former subsidiary GEA AG, mg's change of name was a logical consequence of the restructuring process launched in 2003. Having sold most of its Chemicals activities, GEA Group now focuses on specialty mechanical engineering - especially process engineering and equipment - and plant engineering. Its core activities are process engineering and components, especially for the food, pharmaceutical and petrochemical industries. GEA Group is already one of the world's market and technology leaders in 90 percent of its businesses. We are a leading global technology group with over 250 operating companies in roughly 50 countries. Our core competences are specialty mechanical engineering and plant engineering. We are already one of the world's market and technology leaders in 90 percent of our businesses. Following the strategic restructuring of the Group, its segmentation was aligned with its new organizational structure. In 2004, its reporting structure was broken down into the new segments
Revenue totaled approximately EUR 4.5 billion in 2005. At the end of 2005 it employed around 17,595 people. GEA Group is listed in the MDAX and, with a market capitalization of around EUR 2.0 billion at the end of 2005, is one of Germany's largest corporations. (See the Annual Report 2005 for more details.) (SIN: 660 200, ISIN: DE0006602006). For further information about the GEA Group Aktiengesellschaft please access this PDF brochure. Please click here to access the GENERATE, the international magazine of the GEA Group, issue 01 November 2006. For information about US based GEA Companies with a common customer base please access this page. Please note that this page does not provide information about US based GEA Process Engineering Division companies.
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