DGAP-News: Gesco AG / Key word(s): Disposal 
Gesco AG: GESCO successfully finishes balancing out its portfolio by substantial automotive shares 
2021-02-04 / 11:12 
The issuer is solely responsible for the content of this announcement. 
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GESCO successfully finishes balancing out its portfolio by substantial automotive shares 
  . Majority stake in VWH sold to minority shareholder 
  . Balanced share of automotive business in the portfolio achieved 
  . Outlook for 2020 as a whole unchanged 
  . Implementation of NEXT LEVEL strategy continues unabated 
Wuppertal, 4 February 2021 - As part of a management buy-out, GESCO AG today signed a contract concerning the sale of 
its majority stake in VWH GmbH. 
The deal calls for the disposal of the majority shareholding of 80 % in VWH GmbH. Based in Herschbach, Germany, the 
company provides products and services in the field of special machines and tool manufacturing (injection moulding 
forms, laser technology, automation and testing technology), primarily for customers in the automotive industry. VWH 
has been a member of the GESCO Group since 2007 and is part of the Production Process Technology segment. In total, the 
company generated sales of just over EUR 10 million in 2020. 
Thomas Sturm has had a close connection with VWH for more than 25 years. Initially the company's head of sales, he 
continues to serve as its Managing Director to this day and has held a minority stake of 20 % since 2011. 
Thomas Sturm: "As an entrepreneur, I am very pleased that we were able to reach a good solution with GESCO. I feel a 
very strong sense of connection with VWH and its employees. Together, we have successfully further developed our 
products in the past and expanded into new fields of business. That is precisely why I look forward to continuing down 
the current path with VWH in the future." 
On 21 December 2020, GESCO reported that it would close its Mobility Technology segment in connection with the sale of 
six subsidiaries. By selling VWH, GESCO has now balanced out the direct automotive business in its portfolio. 
The sale of VWH does not materially change the outlook for 2020 as a whole for continuing operations, which was last 
updated in December 2020. The Executive Board continues to expect Group sales of roughly EUR 400 million and Group net 
income for the year after minority interest from continuing operations of roughly EUR 5 million. 
"The portfolio development of the GESCO Group is well under way," says Ralph Rumberg, CEO of GESCO AG. "I would like to 
emphasise in this context that we stand by our business model, which focuses on the long term. In exceptional cases, 
however, we need to have the freedom to divest ourselves of subsidiaries for strategic reasons. The successful sale of 
the automotive-related VWH business has allowed us to round out the transaction from December 2020 and balance out our 
direct share of automotive business in the process. Both transactions have enabled us to take a major step forward from 
a strategic perspective. We are now focusing all our energy on our passion: hidden champions of the technology-driven 
German SME segment - and those who want to walk among them." 
About GESCO 
GESCO AG is an industrial group made up of market and technology leading companies in the capital goods industry. Its 
focus is on production process technology, resource technology and 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. 
Investor Relations & Communications | Julia Pschribülla 
Tel. +49 (0) 202 24820-18 | Fax +49 (0) 202 24820-49 
E-mail: info@gesco.de | Website: www.gesco.de 
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2021-02-04 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 
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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:  1165598 
 
End of News   DGAP News Service 
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1165598 2021-02-04

(END) Dow Jones Newswires

February 04, 2021 05:14 ET (10:14 GMT)