GESCO AG

M&A Activity • Apr 29, 2002

News Details

Ad-hoc | 29 April 2002 08:56

GESCO AG english

GESCO AG: new acquisition Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Wuppertal, 29 April 2002 – With retrospective effect to 1 January 2002, SMAX listed holding company GESCO AG has acquired 100% of the shares in Hubl GmbH, Vaihingen/Enz in Germany, thereby expanding its Base Technologies portfolio. As a stainless steel processing company, Hubl GmbH develops and produces precision machine covers, top quality casings and other products made from stainless steel sheet metal, including complete machinery frames and enclosures such as for CD and DVD manufacturing equipment and the semi-conductor industry. Hubl is successfully positioned as a problem solver for industries such as clean room engineering, medical technology and mechanical engineering. Hubl GmbH has 62 employees and sales of around EUR 9 million. Reinhard Hubl founded the company together with his father in 1976 and will be staying on as the Managing Director. GESCO AG’s investment will facilitate the company’s future growth and expansion. GESCO AG Investor Relations, Oliver Vollbrecht Tel. 0202-2482018, Fax 0202-455753, E-Mail info@gesco.de end of ad-hoc-announcement (c)DGAP 29.04.2002 ——————————————————————————– WKN: 587590; ISIN: DE0005875900; Index: SDax Listed: Amtlicher Handel in Düsseldorf, Frankfurt (SMAX); Freiverkehr in Berlin, Hamburg, München, Stuttgart 290856 Apr 02