# GEA enters exclusive negotiations to sell French refrigeration business to Syclef

GEA entered exclusive negotiations to sell its French refrigeration contracting and service operations, GEA Refrigeration France SAS, to Syclef. The transaction is expected to close in Q1 2022, subject to approvals.

- Type: Acquisition
- Announced: 2021-09-21
- Where: Les Sorinières, France, France
- Jobs: -230
- Status: announced
- Products: refrigeration systems, compressors
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [GEA](https://endata.com/companies/3367.md)
- [Syclef](https://endata.com/companies/50412.md) (acquirer)
- [Clauger](https://endata.com/companies/51713.md) (acquirer)

## Sources

- [ardian.com](https://www.ardian.com/news-insights/press-releases/syclef-enters-exclusive-negotiations-gea-refrigeration-technologies), 2021-09-21: "Syclef, a leading French player specialized in the installation and maintenance of refrigeration systems, announces that it has entered exclusive negotiations to acquire GEA Réfrigération France SAS."
- [gea.com](https://www.gea.com/en/news/corporate/2021/negotiations-with-syclef/), 2021-09-21: "GEA entered into exclusive negotiations regarding the potential sale of its refrigeration contracting operations in France to Syclef."
- [heat-exchanger-world.com](https://heat-exchanger-world.com/gea-enters-into-exclusive-negotiations-with-syclef/), 2021-10-11: "The potential transaction marks the conclusion of GEA’s portfolio review that was initiated in 2019."
- [gea.com](https://www.gea.com/en/news/corporate/2021/gea-closes-sale-of-refrigeration-contracting-operations-in-spain-and-italy/), 2021-11-05: "GEA has successfully concluded the sale of its refrigeration contracting activities in Spain and Italy, to Clauger, as was contractually agreed in June 2021."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.