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GESCO AG (FRA:GSC1) Gesco AG: GESCO expands its medical technology portfolio

Directive transparence : information réglementée

16/06/2021 12:00

DGAP-News: Gesco AG / Key word(s): Investment
Gesco AG: GESCO expands its medical technology portfolio

16.06.2021 / 12:00
The issuer is solely responsible for the content of this announcement.


GESCO expands its medical technology portfolio

Wuppertal, 16 June 2021 - GESCO AG, an industrial group made up of market and technology leading SMEs listed in the Prime Standard, acquires 100 % of the shares in United MedTec Holding GmbH, headquartered in Bückeburg, Lower Saxony, from an association of shareholders primarily comprising VR Equitypartner, INVICTO Holding and the founders or management of the acquired companies. In terms of structure, GESCO thereby also acquires W. Krömker GmbH, assigned to United MedTecHolding GmbH, as the principal operating company and Tragfreund GmbH in a smooth and efficient process.

W. Krömker GmbH is a European market leader for support arm systems and an innovation leader for high-quality medical technology products, which are tailored to customers' individual requirements. The product portfolio includes support arm systems to accommodate ventilation tubes, infusion systems, monitors and tableaux, suspension arm systems for operating room lights and monitors, as well as trollies, high-quality bottle stands and application-specific solutions for patients. Electronic components, such as the modern ultrasonic nebuliser with compact design, complete the range of products. The company also markets its own innovative SKYDOQ(R) suspension arm system for use in the challenging clinical environment, which has multiple patents and has won a Design Award.

This extensive portfolio is perfectly complemented by the suspension arm systems from GESCO's long-standing subsidiary HASEKE GmbH & Co. KG. In the foreseeable future, HASEKE GmbH & Co. KG will be assigned to United MedTec Holding GmbH in order to be able to fully utilise the synergies. The close proximity of and the existing synergies with Haseke GmbH & Co. KG perfectly complement each other.

W. Krömker GmbH, founded in 1976, employs some 60 people and generated sales of approximately € 20 million in financial year 2020. Within GESCO Group, the company will be assigned to the Healthcare and Infrastructure Technology segment. The two managing directors, Andreas Mühlenbeck and Jürgen Roth, will stay on in their roles within the company.

"We look forward to welcoming W. Krömker GmbH to GESCO Group. With its many years of expertise and know-how, the company is an excellent fit for us. The acquisition and integration of W. Krömker GmbH are another successful step in the direction of our target portfolio structure of the NEXT LEVEL strategy. With this structure, we are creating a substantial basic investment with the potential to become a real hidden champion in the attractive segment of medical technology," says Ralph Rumberg, CEO of GESCO AG.
 

About GESCO
GESCO AG is an industrial group made up of market and technology leading companies in the capital goods industry with a focus on production process technology, resource technology, as well as healthcare and infrastructure technology. As a stock company listed in the Prime Standard, GESCO AG offers private and institutional investors access to a portfolio of hidden champions among Germany's industrial SMEs.
 

Contact
Julia Pschribülla
Head of Investor Relations & Communications
Tel +49 (0) 202 24820-18
Fax +49 (0) 202 24820-49
E-mail: investorrelations@gesco.de * presse@gesco.de * stimmrechte@gesco.de
Internet: www.gesco.de


 


16.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Gesco AG
Johannisberg 7
42103 Wuppertal
Germany
Phone: +49 (0)202 248200
Fax: +49 (0)202 2482049
E-mail: info@gesco.de
Internet: www.gesco.de
ISIN: DE000A1K0201
WKN: A1K020
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1208671

 
End of News DGAP News Service

1208671  16.06.2021 

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