on GESCO AG (ETR:GSC1)
GESCO SE Acquires Eckart GmbH to Boost Growth Strategy
GESCO SE has entered into a definitive agreement to acquire Eckart GmbH, a German company specializing in hydraulic systems, particularly swivel motors and valve actuators. Eckart, based in Schlüchtern, Hesse, caters to various sectors including mining and construction. With annual sales nearing €20 million and strong profitability, Eckart is a valuable addition to GESCO's portfolio.
This acquisition aligns with GESCO's strategic growth objectives, as outlined at the recent Annual General Meeting. The deal, effective retroactively from January 2025, supports the company's Industrial Assets & Infrastructure segment. CEO Johannes Pfeffer highlighted Eckart's innovative capabilities and market synergies as key motivators for the acquisition.
Markus Eckart, the current Managing Director, will continue to lead the company, ensuring a smooth transition. The acquisition underscores GESCO's focus on both inorganic and organic growth, reinforcing its position in the industrial SME sector.
R. H.
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