DGAP-News: Gesco AG / Key word(s): Miscellaneous/Miscellaneous08.12.2017 / 14:00
The issuer is solely responsible for the content of this announcement.
P R E S S R E L E A S E
GESCO sells stake in Protomaster GmbHas part of a management buyout
Wuppertal, 08.12.2017 - As announced in February 2017, GESCO AG has sold its majority interest in Protomaster GmbH, Wilkau-Haßlau. With effect from 8 December 2017, the company's managing director, Mr. Lutz Gentsch, acquired the shares together with a co-investor.
Dr. Eric Bernhard, CEO of GESCO AG, on the sale: "We are pleased to have found with Mr. Gentsch an industry insider and proven expert of the matter as the new owner. This management buyout has not changed our strategy of keeping companies fundamentally long-term and developing them further. "
The transaction has no impact on the outlook of GESCO AG for the current financial year 2017/2018. GESCO recently forecast consolidated sales of around EUR 530 million and Group net income after minority interest of around EUR 18 million.
GESCO AG is an industrial group with market and technology leaders in the investment goods industry focusing on production process technology, resource technology, health and infrastructure technology as well as mobility technology. As a stock listed company on the Prime Standard, GESCO AG offers private and institutional investors access to a portfolio of leading small and medium-sized industrial German companies, so-called hidden champions of Germany's Mittelstand.
Investor Relations ( Oliver Vollbrecht
Tel. +49 202 24820-18 ( Fax +49 202 24820-49
E-mail: firstname.lastname@example.org ( Internet: www.gesco.de
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