BOCK

NORD Holding is acquiring all shares of the Bock Group from the GEA Group Aktiengesellschaft, a listed industrial group (MDAX) based in Düsseldorf, as part of a carve-out. The transaction includes Bock GmbH (Germany) and its subsidiaries in the Czech Republic and India, as well as its sites in China and Australia. After the separation from the GEA Group, the Bock Group will continue to pursue its growth course with the support of NORD Holding.

The Bock Group is a leading manufacturer of open and semi-hermetic piston compressors for stationary and transport-related cooling applications. The internationalization pursued so far is to be further expanded and the export share increased accordingly. The company employs around 340 people worldwide, who have generated sales of around EUR 90 million.

„We are very pleased that with our investment in the Bock Group we are able to acquire a well-established company that has a strong market position and a reputation as a technology leader in the sector. We at NORD Holding look forward to accompanying Bock on its next phase of growth and actively supporting the management team with a constructive environment for development outside the structures and strategy of the GEA Group. We very much look forward to working with the management team and employees” says Ronald Grott, Member of the Management Board at NORD Holding.

Stefan Klebert, Chairman of the Executive Board of GEA Group AG: „ We are pleased to have found in NORD Holding an experienced mid-market investor for Bock. We are convinced that NORD Holding will further develop the business potential of Bock as a manufacturer of commercial compressors used for stationary and transport-related cooling applications, among other things.“

NORD Holding was represented in the transaction by Ronald Grott, Markus Lipp,Maximilian Frey and Alexander Wambach.

About Bock

Since its foundation in 1932, the Bock Group has developed into a leading manufacturer of technologically sophisticated piston compressors for cooling and refrigeration technology. The market segments addressed are primarily cooling and refrigeration technology for mobile applications in bus, rail and transport (reefer, trucks & trailers). The areas of retail (supermarkets) and food processing as the most important stationary applications complete the Bock Group's product range. International customers are supported in over 10 sales locations worldwide.The company employs around 340 people worldwide and 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.