Gesco
| Gesco AG
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | DE000A1K0201 |
| founding | 1989 |
| Seat |
Wuppertal , Germany
|
| management |
|
| Number of employees | 2,718 |
| sales | 439.6 million euros (short FY 2019) |
| Branch | Industry |
| Website | www.gesco.de |
| As of March 31, 2020 | |
The Gesco AG is an industrial group with a focus on medium-sized production process technology, resources, technology, health and infrastructure technology as well as the mobility technology. The company headquarters is in Wuppertal . In the nine-month short financial year from April 1 to December 31, 2019, the company achieved consolidated sales of EUR 439.6 million and employed 2,718 people. Gesco has been listed on the stock exchange since 1998 and is listed in the Prime Standard of Deutsche Börse .
history
The Gesco industrial group was founded in 1989 by a group of private investors whose aim was to bundle successful and strategically interesting market and technology leaders from medium-sized companies in a portfolio and thus to participate in the investment opportunities that arise from unresolved succession issues in medium-sized companies surrender. After the company's strategy had proven to be consistently profitable, the company went public in March 1998.
Group structure
All subsidiaries of the Gesco Group operate independently and are actively supported by the parent company . The main subsidiaries include:
- Dörrenberg Group
- MAE group
- Frank group
- Setter group
According to the definition of Deutsche Börse, the company's free float is around 71.5 percent. Around 14 percent are held by the entrepreneur Stefan Heimöller, who has also been a member of the GESCO AG Supervisory Board since July 2013. The largest shareholder is the “Investment Company for Long-Term Investors TGV” with around 15 percent, which has also been represented on the Supervisory Board since 2017. The remaining shares are held roughly half by institutional investors and half by private investors.
Group strategy
Gesco AG concentrates on economically sound industrial medium-sized companies that are included in the group and developed further from a long-term perspective, ie without any intention to exit. The aim is to permanently increase the value of the individual companies - and thus also of the entire group. Gesco specializes in succession issues and always acquires majorities, usually 100 percent. In the context of successions, the new management is given the opportunity to participate in the acquired company's capital , usually with 10 to 20 percent.
The target objects are primarily companies in the capital goods industry, which primarily address end customer markets in production process technology, resource technology, health and infrastructure technology and mobility technology. Potential purchase objects must have a domestic company headquarters, be economically sound and generate revenues in the order of EUR 20 million or more.
Web links
Individual evidence
- ↑ GESCO AG: Management. Retrieved August 14, 2019 .
- ↑ a b c Annual Report 2019. (PDF) In: www.gesco.de. March 31, 2020, accessed May 6, 2020 .
- ↑ FOCUS Online: Knot burst. Retrieved June 21, 2019 .
- ↑ read on the Gesco AG website : The GESCO share
- ↑ Wolfgang Pott: Gesco builds on the middle class . March 5, 2005 ( welt.de [accessed June 21, 2019]).
Coordinates: 51 ° 15 ′ 12.3 " N , 7 ° 8 ′ 41.4" E