Put companies on watchlist
GESCO SE
ISIN: DE000A1K0201
WKN: A1K020
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

GESCO SE · ISIN: DE000A1K0201 · EQS - Company News (66 News)
Country: Germany · Primary market: Germany · EQS NID: 1530877
10 January 2023 07:30AM

Subsidiary SVT closes transaction


EQS-News: GESCO SE / Key word(s): Contract/Mergers & Acquisitions
GESCO SE: Subsidiary SVT closes transaction

10.01.2023 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


In November 2022, GESCO announced that its subsidiary SVT GmbH had concluded a purchase agreement for the steel construction division of its long-standing Hungarian supplier BAV Tatabánya Kft. based in Tatabánya. In the meantime, the transaction has been approved by the Hungarian authorities, so that the transaction has now been successfully completed.

The core business of the acquired part of the company is the design and manufacture of welded steel structures. These are required for special steel constructions such as SVT's loading arms. As before, however, the acquired part of the company will also serve demand from outside the group and today has a pleasing external order intake.

With the closing of the transaction in the current financial year, the business unit will be consolidated for the first time in the first quarter of 2023 and thus the transaction will have no impact on the key financial figures of the 2022 financial year.

 

About GESCO:

GESCO SE is an industrial group with market- and technology-leading companies in the capital goods industry with a focus on process, resource and healthcare and infrastructure technology. As a company listed in the Prime Standard, GESCO SE gives private and institutional investors access to a portfolio of hidden champions of the German industrial SME sector.

 

M&A contact:     

Daniel Kral
Head of M&A

Tel. 0202 24820-38
Fax 0202 24820-49
E-Mail: kral@gesco.de
 

IR- & Press contact:

Peter Alex
Head of Investor Relations & Communications

Tel. 0202 24820-18
Fax 0202 24820-49
E-Mail: ir@gesco.de
Internet: www.gesco.de



10.01.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: GESCO SE
Johannisberg 7
42103 Wuppertal
Germany
Phone: +49 (0)202 24820 18
Fax: +49 (0)202 2482049
E-mail: ir@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: 1530877

 
End of News EQS News Service

1530877  10.01.2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1530877&application_name=news&site_id=boersengefluester
Visual performance / price development - GESCO SE
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.