ElringKlinger lifts stake in Marusan Corporation to 50%

--------------------------------------------------------------------------------
ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
--------------------------------------------------------------------------------

merger, acquisition and takeover

Dettingen/Erms (euro adhoc) - Dettingen/Erms (Germany)/Tokyo (Japan),
May 2, 2008 +++ The ElringKlinger Group has increased its stake in
Japanese gasketing manufacturer Marusan Corporation, Tokyo, from 10%
to 50%. ElringKlinger plans to unlock further sales growth with
Japanese vehicle manufacturers and strengthen its position in the
Asian market.

Negotiations were finalized and the share purchase agreement was
signed. The deal will be effective immediately. Both parties also
concluded a joint venture agreement. The existing company
ElringKlinger Marusan Corporation will be merged with the
newly-formed Joint Venture. The company will be registered under the
name of ElringKlinger Marusan Corporation.

The Marusan Corporation and its three affiliates produce cylinder
head gaskets, specialty gaskets and thermal shielding modules for the
automobile and truck industry. The company has targeted sales for
2008 of approx. EUR 45 million. The purchase price for the 40% stake
is in the range of 0.3 - 0.4 times sales.

Long standing relationship In March 2004, ElringKlinger AG and
Marusan Corporation founded the ElringKlinger Marusan Corporation, a
joint venture that has been focusing on R&D and sales for the
Japanese and other Asian markets. The successful acquisition of new
projects has led to a point when both companies decided to extend
their relationship to the manufacturing area.

Next step in Asian build-up After having expanded its production
sites in China as well as Korea and having built up a plant in
Ranjangaon, India, ElringKlinger is in the process of expanding its
business in Asia further and aims at strengthening its ties with the
Japanese original equipment manufacturers in the Japanese market and
abroad. Within this context ElringKlinger is also broadening its
product range offered in the Asian markets. Going forward, the newly
formed joint venture, besides R&D and sales, will provide a
production hub for supplying Japanese clients from within the
Japanese market.

end of announcement euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: ElringKlinger AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Stephan Haas

Investor Relations Manager

Telefon: +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


	hier anmelden...