VCST is a global player in the supply of precision gearing and other company critical components for engines, gearboxes and brake systems for passenger cars and commercial vehicles. The company has a diversified blue-chip costumer portfolio, including Audi, Caterpillar, Continental, Cummins, DAF, General Motors, Punch Powertrain and Volkswagen, among others.
Worldwide the company has 5 production facilities (Belgium, China, Germany, Mexico and Romania), in which it invested over 50 million euro over the past 3 years. Furthermore the company has an extensive in-house engineering capacity (120 engineers), through which it is a strong player in the field of product development, innovation and project realization. With its 1250 (fulltime) employees it realized a turnover of 169 million euro in 2015, nearly double compared to 2009.
In March 2016 Gimv, together with the other shareholders, sells its stake in VCST to the international industrial group BMT, with Belgian roots, which will bring it into one division with its subsidiary IG Watteeuw International (IGW). The current management of VCST will take up a driving and governing role in the combination VCST/IGW. Since 2009 the majority of VCST has been in hands of Gimv. Read more in the related press release.