Gimv increases majority stake in VCST

The newly acquired share represents a 26.7% share of the company.

Previous funding
LRM and Gimv led the financial restructuring of VCST in 2009, which included €10m of fresh capital. 

Company
VCST is a producer and supplier of precision parts for engine and transmission gears and shafts as well as brake components for automotive and non-automotive markets. The company is headquartered in Sint-Truiden, Belgium, with additional plants in Germany, Mexico and China. Its customer base includes Continental, Volkswagen and Ford. The company recorded a turnover of approximately €150m in 2011. Founded in 1972, VCST employs around 1,000 staff. 

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• Topics
• Expansion
• Benelux
• Industrials
• Gimv
• Belgium