Evoco to acquire portfolio of six companies from GESCO for €27m. .

Evoco, an investor specialised in the acquisition and development of medium-sized portfolios, agreed to acquire portfolio of six industrial companies from GESCO, a Germany-based investment company, for €27m. "GESCO will remain a long-term investor, we always purchase companies with the intention of holding and developing them in the long term. At the same time, we have to have the freedom to divest ourselves of subsidiaries for strategic reasons and in exceptional cases, as we have also done in the past. In Evoco, we were able to find a responsible investor with an entrepreneurial approach. The sale of the mobility segment is a milestone in the implementation of NEXT LEVEL. Upon completion of this complex and demanding transaction, we are now fully focusing our management capacity and financial resources on the profitable development of the existing portfolio as well as on the expansion of the Group through the further acquisition of attractive SMEs," Ralph Rumberg, GESCO CEO.