GESCO AG

M&A Activity • Mar 21, 2002

News Details

Ad-hoc | 21 March 2002 21:36

GESCO AG english

GESCO acquires internationally successful niche provider Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Wuppertal, 21. March 2002 – SMAX listed holding company, GESCO AG, has acquired all business operations of Schwelm Verladetechnik GmbH, Schwelm, via its newly founded subsidiary SVT GmbH with retrospective effect backdated to 01.01.2002. The specialist for loading technology for liquid and gaseous goods employs 120 staff and achieves sales of around EUR 20 million. With an export quota of ca. 75 % the company is internationally active. GESCO holds 90 % of the newly founded company, the Managing Director holds 10 %. Within the GESCO portfolio, SVT is part of the Base Technology field of business. The company’s core product is loading equipment for Liquefied Natural Gas (LNG). Experts see high growth potential for this market since the transportation of LNG with special-purpose ships provides independency from pipelines and therefore offers a larger flexibility in supply. In the market for the respective loading equipment, SVT offers widespread know-how and considers itself number two in this market. Investor Relations Oliver Vollbrecht Tel. (02 02) 2 48 20 18 Fax (02 02) 2 48 20 49 E-Mail: gesco@gesco.de Homepage: www.gesco.de end of ad-hoc-announcement (c)DGAP 21.03.2002 ——————————————————————————– WKN: 587590; ISIN: DE0005875900; Index: SDax Listed: Amtlicher Handel in Düsseldorf, Frankfurt (SMAX); Freiverkehr in Berlin, Hamburg, München, Stuttgart 212136 Mär 02