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    GSC1   DE000A1K0201

GESCO AG

(GSC1)
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PRESS RELEASE : Gesco AG: GESCO expands its medical technology portfolio

06/16/2021 | 06:02am EDT
DGAP-News: Gesco AG / Key word(s): Investment 
Gesco AG: GESCO expands its medical technology portfolio 
2021-06-16 / 12:00 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
GESCO expands its medical technology portfolio 
Wuppertal, 16 June 2021 - GESCO AG, an industrial group made up of market and technology leading SMEs listed in the 
Prime Standard, acquires 100 % of the shares in United MedTec Holding GmbH, headquartered in Bückeburg, Lower Saxony, 
from an association of shareholders primarily comprising VR Equitypartner, INVICTO Holding and the founders or 
management of the acquired companies. In terms of structure, GESCO thereby also acquires W. Krömker GmbH, assigned to 
United MedTecHolding GmbH, as the principal operating company and Tragfreund GmbH in a smooth and efficient process. 
W. Krömker GmbH is a European market leader for support arm systems and an innovation leader for high-quality medical 
technology products, which are tailored to customers' individual requirements. The product portfolio includes support 
arm systems to accommodate ventilation tubes, infusion systems, monitors and tableaux, suspension arm systems for 
operating room lights and monitors, as well as trollies, high-quality bottle stands and application-specific solutions 
for patients. Electronic components, such as the modern ultrasonic nebuliser with compact design, complete the range of 
products. The company also markets its own innovative SKYDOQ(R) suspension arm system for use in the challenging 
clinical environment, which has multiple patents and has won a Design Award. 
This extensive portfolio is perfectly complemented by the suspension arm systems from GESCO's long-standing subsidiary 
HASEKE GmbH & Co. KG. In the foreseeable future, HASEKE GmbH & Co. KG will be assigned to United MedTec Holding GmbH in 
order to be able to fully utilise the synergies. The close proximity of and the existing synergies with Haseke GmbH & 
Co. KG perfectly complement each other. 
W. Krömker GmbH, founded in 1976, employs some 60 people and generated sales of approximately EUR 20 million in financial 
year 2020. Within GESCO Group, the company will be assigned to the Healthcare and Infrastructure Technology segment. 
The two managing directors, Andreas Mühlenbeck and Jürgen Roth, will stay on in their roles within the company. 
"We look forward to welcoming W. Krömker GmbH to GESCO Group. With its many years of expertise and know-how, the 
company is an excellent fit for us. The acquisition and integration of W. Krömker GmbH are another successful step in 
the direction of our target portfolio structure of the NEXT LEVEL strategy. With this structure, we are creating a 
substantial basic investment with the potential to become a real hidden champion in the attractive segment of medical 
technology," says Ralph Rumberg, CEO of GESCO AG. 
 
About GESCO 
GESCO AG is an industrial group made up of market and technology leading companies in the capital goods industry with a 
focus on production process technology, resource technology, as well as healthcare and infrastructure technology. As a 
stock company listed in the Prime Standard, GESCO AG offers private and institutional investors access to a portfolio 
of hidden champions among Germany's industrial SMEs. 
 
Contact 
Julia Pschribülla 
Head of Investor Relations & Communications 
Tel +49 (0) 202 24820-18 
Fax +49 (0) 202 24820-49 
E-mail: investorrelations@gesco.de * presse@gesco.de * stimmrechte@gesco.de 
Internet: www.gesco.de 
 
=---------------------------------------------------------------------------------------------------------------------- 
2021-06-16 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      Gesco AG 
              Johannisberg 7 
              42103 Wuppertal 
              Germany 
Phone:        +49 (0)202 248200 
Fax:          +49 (0)202 2482049 
E-mail:       info@gesco.de 
Internet:     www.gesco.de 
ISIN:         DE000A1K0201 
WKN:          A1K020 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1208671 
 
End of News   DGAP News Service 
=------------ 

1208671 2021-06-16

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1208671&application_name=news 
 

(END) Dow Jones Newswires

June 16, 2021 06:01 ET (10:01 GMT)

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Financials
Sales 2021 458 M 545 M 545 M
Net income 2021 18,3 M 21,7 M 21,7 M
Net Debt 2021 32,6 M 38,7 M 38,7 M
P/E ratio 2021 12,9x
Yield 2021 2,85%
Capitalization 234 M 278 M 278 M
EV / Sales 2021 0,58x
EV / Sales 2022 0,54x
Nbr of Employees 1 695
Free-Float 70,8%
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Mean consensus BUY
Number of Analysts 4
Last Close Price 21,60 €
Average target price 30,63 €
Spread / Average Target 41,8%
EPS Revisions
Managers and Directors
Ralph Rumberg Chief Executive Officer
Kerstin MŘller-Kirchhofs Chief Financial Officer
Klaus M÷llerfriedrich Chairman-Supervisory Board
Stefan Heim÷ller Vice Chairman-Supervisory Board
Nanna Rapp Independent Member-Supervisory Board
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