GESCO acquires Georg Kesel

SDAX listed investment holding company GESCO AG has acquired Georg Kesel GmbH & Co KG, based in Kempten, as part of a succession agreement. GESCO has acquired 90% of the shares, while 10% are being purchased by managing director Martin Klug.

Established in 1889, Kesel develops and produces milling machines and clamping systems. About 45 employees generate sales of around EUR11m. Kesel's milling machine product range includes rack and bandsaw blade milling machines.

The company's clamping division has a broad range of systems with different specifications. Its customers include manufacturers of rack and bandsaw blade systems, the automotive industry, and others.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Industry
• DACH