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GEA Group wins Best Innovator Award
GEA Pharma Systems nv
Düsseldorf, June 10, 2011 – At yesterday evening’s “Best Innovators 2010/11” awards at the German Federal Ministry of Economics and Technology in Berlin, GEA Group was honored as the mechanical engineering company with the most successful and sustainable innovation management in Germany.
“Being named industry winner of the prestigious ‘Best Innovator’ award underscores our goal to be at the forefront in shaping technological advances and to offer our customers the latest solutions at all times. This is backed by the cross-segment integration of all aspects of our expertise. Diversity is one of our strengths,” said Jürg Oleas, Chairman of GEA Group’s Executive Board.
“GEA Group clearly and explicitly defined its growth objectives using the topic of innovation. The intelligent solution of promoting decentralized entrepreneurship in combination with company-wide innovation portfolio management was especially interesting,” noted Dr. Kai Engel, partner at management consultants A.T. Kearney and contest initiator, explaining the jury’s decision.
The jury assessed exemplary concepts in development as well as organization and processes in innovation management for the seventh time in this contest, held under the patronage of the Federal Minister of Economics and Technology together with German business magazine WirtschaftsWoche and management consultants A.T. Kearney.
GEA Group Aktiengesellschaft is one of the largest suppliers of process technology and components for the food and energy industries. As an international technology group, the Company focuses on sophisticated production processes. In 2010, GEA generated consolidated revenues in excess of EUR 4.4 billion, 70 percent of which came from the food and energy sectors, which are long-term growth industries. The group employed about 23,000 people worldwide as of March 31, 2011. GEA Group is a market and technology leader in its business areas. It is listed in Germany’s MDAX stock index (G1A, WKN 660 200).
GEA Group companies participated at Interpack 2011: GEA Pharma Systems, GEA Procomac, GEA Niro, GEA Tuchenhagen, GEA Avapac and GEA Convenience-Food Technologies.