28.08.2018
Gesco AG DE000A1K0201
DGAP-News: GESCO acquires specialised provider for the pharmaceutical, food, water technology and chemical industries
DGAP-News: Gesco AG / Key word(s): Takeover/Takeover
GESCO acquires specialised provider for the pharmaceutical, food, water
technology and chemical industries
28.08.2018 / 13:30
The issuer is solely responsible for the content of this announcement.
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Wuppertal, 28 August 2018 - Prime Standard-listed GESCO AG has acquired
Sommer & Strassburger GmbH Co. KG, Bretten/Germany. Founded in 1973, the
company designs and produces processing equipment with a focus on the
pharmaceutical, food, water technology and chemical industries. A high-end
processor of stainless steel, Sommer & Strassburger has positioned itself in
the relevant customer sectors as a leading-edge provider of process tanks,
filter housings and membrane housings through its AseptraLine, FiltraLine
and MembraLine brands. At the ACHEMA industry trade fair in June 2018, the
company also unveiled the ResiLine product line, an innovative
corrosion-resistant membrane housing made of polymer-coated stainless steel
for transporting substances with a high salt or chlorine content, for
example.
GESCO AG is acquiring 100 % of the shares. Michael Hilpp, the owner, will
remain active at the company as its managing director. With roughly 125
employees, Sommer & Strassburger generates sales of nearly EUR 20 million.
Within GESCO Group, the company will be assigned to the Production Process
Technology segment. The acquisition is subject to approval by antitrust
authorities.
Sommer & Strassburger has decades of experience, extensive materials
expertise and its own system development. The company has the process
technology know-how to understand its customers' methods and develop
solutions that function reliably. An outstanding vertical depth of
production, including in-house surface treatment, provides high-end quality
for the respective customer sectors.
Michael Hilpp: "I have transferred my company to an industrial group to
secure its success and continued existence. As an owner with a focus on the
long term, GESCO will guarantee my succession and support me actively with
its industrial expertise in the next stages of growth. My company will
maintain its independence while also benefiting from the support of GESCO AG
and from dialogue with the other members of the Group - an ideal
constellation, in my opinion."
Ralph Rumberg, Spokesman of the Executive Board at GESCO AG: "Sommer &
Strassburger has systematically evolved over the past 20 years from being a
contract manufacturer to being a focused provider with its own product
range. The company serves discriminating customers in attractive markets
with high-quality technology. All told, it is a real hidden champion that is
an excellent match for GESCO Group. We look forward to integrating Sommer &
Strassburger rapidly and working with Mr Hilpp to actively drive the
company's further development."
About GESCO
GESCO AG is an industrial group made up of market and technology leading
companies in the capital goods industry. Its focus is on production process
technology, resource technology, healthcare and infrastructure technology
and mobility 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.
Investor Relations - Oliver Vollbrecht
Phone +49 202 24820-18 - Fax +49 202 24820-49
Email: [email protected] - Website: www.gesco.de
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28.08.2018 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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: [email protected]
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
End of News DGAP News Service
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717995 28.08.2018
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