euro adhoc: ElringKlinger AG / Mergers - Acquisitions - Takeovers / ElringKlinger announces full takeover of Spanish subsidiaries

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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Company Information

10.03.2008

The ElringKlinger Group acquires the remaining stake of 49.0% in the
Spanish subsidiary ElringKlinger, S.A., Reus, effective from March
07, 2008. In addition, ElringKlinger purchases the remaining 10%
interest in ElringKlinger Sealing Systems, S.L., also based in Reus.
In doing so, ElringKlinger AG has underlined its commitment to the
strategy of acquiring in full any minority interests held in Group
entities.

In 2007, the two Spanish subsidiaries generated total sales revenues
of EUR 32.2 million and achieved an operating margin towards the
lower end of the ten to twenty percent range. Approximately half of
the sales revenues generated are with ElringKlinger AG or
subsidiaries of ElringKlinger Group. The two Spanish subsidiaries
have already been included in the scope of consolidation of
ElringKlinger Group.

Both parties have agreed not to disclose details of the purchase
price. The purchase price is towards the lower end of the
double-digit million Euro range. ElringKlinger expects the full
takeover to be earnings accretive already in 2008.

ElringKlinger Sealing Systems, S.L. operates as a production
enterprise for the manufacture of plastic cam covers. ElringKlinger,
S.A. has established itself as a specialist within the area of
high-end rubber and metal components, manufacturing elastomer and
metal-elastomer gaskets under cleanroom conditions. Among other
things, Reus is to be further expanded as a production site of the
ElringKlinger Group, the emphasis being on small-batch production
tailored specifically to the aftermarket segment.

end of announcement euro adhoc
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ots Originaltext: ElringKlinger AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Stephan Haas

Investor Relations Manager

phone: +49 (0)7123 724-137

e-mail: stephan.haas@elringklinger.de

Branche: Automotive Equipment
ISIN: DE0007856023
WKN: 785602
Index: SDAX, CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Düsseldorf / free trade
Börse München / free trade
Börse Stuttgart / regulated dealing


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