Business
GESCO SE acquires Eckart GmbH
GESCO SE acquires Eckart
About this update from Gesco Ag
[{"type":"text","content":"\nEQS-Ad-hoc: GESCO SE / Key word(s): Investment/Takeover\n\nGESCO SE acquires Eckart GmbH \n01-Jul-2025 / 15:54 CET/CEST\n\nDisclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group.\n\nThe issuer is solely responsible for the content of this announcement.GESCO SE announces the conclusion of an agreement to acquire Eckart GmbH. Headquartered in Schlüchtern, Hesse, the company specialises in the development, production and sale of hydraulic swivel motors/rotary drives and valve actuators as well as linear swivel units. These products are used in a wide variety of mobile machinery applications, for example in all areas of mining, but also in intralogistics, in the construction machinery segment and in stationary mechanical engineering applications.\n\nIn recent years, Eckart GmbH has achieved sales of around 20 million euros per year with a healthy and reliable operating profit margin. The company currently employs 137 people, who work primarily in production, assembly and quality assurance due to the high level of vertical integration. The current Managing Director Markus Eckart will continue to manage the company in the future.\n\nThe acquisition of Eckart GmbH is an important step in GESCO SE's strategic growth strategy, as last explained in detail at the Annual General Meeting on 25 June 2025. This acquisition will take retroactive effect from 1 January 2025 and will strengthen the Industrial Assets & Infrastructure segment.Both parties have agreed not to disclose the purchase price.End of Inside InformationInformation and Explanation of the Issuer to this announcement:GESCO SE is pleased to announce the acquisition of Eckart GmbH, a company that has made a name for itself with its innovative solutions in the field of hydraulic systems. Eckart specialises primarily in hydraulic swivel motors/rotary drives and the special combination of lifting and swivel units. Swivelling motors account for the lion's share of sales, but the combination of integrated lifting and swivelling motors, which is less important in terms of sales, represents a technologically strongly differentiating feature in the competitive environment with disproportionately high growth potential.\n\nEckart GmbH serves major customers worldwide, including leading mechanical ...