The German group GEA, manufacturer of industrial machinery and process engineering is selling its division of heat exchangers, estimating to reach a price of 1,200 million euros. The main reason seems to be lack of synergies with other divisions according to Reuters.
The division of heat exchangers is the second business unit of the group by revenues, and manufactures equipment for all types of industries, from air conditioning to cooling towers.
GEA is one of the leading manufacturers of plate heat exchangers, competing in the exchangers market with the Swedish company Alfa Laval s and the American SPX.
Laygo manufactures no OEM gaskets compatible with the plate heat exchangers made by GEA. GEA is one of the largest manufacturers of plate heat exchangers, covering nearly all applications with its range of PHE.