GESCO to acquire Sommer & Strassburger.

GESCO, an industrial group made up of market and technology companies in the capital goods industry, is set to acquire Sommer & Strassburger, which designs and produces processing equipment with a focus on the pharmaceutical, food, water technology, and chemical industries. Financial terms were not disclosed. The acquisition is subject to approval by antitrust authorities. "I have transferred my company to an industrial group to secure its success and continued existence. As an owner with a focus on the long term, GESCO will guarantee my succession and support me actively with its industrial expertise in the next stages of growth. My company will maintain its independence while also benefiting from the support of GESCO AG and from dialogue with the other members of the Group - an ideal constellation, in my opinion," Michael Hilpp, Sommer & Strassburger Managing director and Owner.