ElringKlinger acquires tool- and die-making specialist

ElringKlinger acquires tool- and die-making specialist

- Strategic acquisition strengthens expertise and capacity levels of ElringKlinger Group in tool- and die-making

- Manufacture of tools and dies for Shielding Technology and other divisions

- Takeover as part of asset deal effective from June 1, 2016

Dettingen/Erms (Germany), June 14, 2016 +++ ElringKlinger AG has taken over the business operations of the insolvent tool- and die-making company Maier Formenbau GmbH, based in Bissingen/Teck, Germany. In this context, ElringKlinger acquired, effective from June 1, 2016, all assets of Maier Formenbau GmbH required for the continuation of business operations (asset deal).

In taking over the business operations, ElringKlinger has further strengthened its current expertise and capacity levels in the area of tool- and die-making. "Following the acquisition of Hummel-Formen GmbH in 2011, this latest takeover is to be seen as the next logical step. It adds to our skillset in the best possible way and allows us to stand our ground as a technology leader in the field of tool- and die-making," says Jürgen Weingärtner, who as Head of Technical Service is responsible for tool- and die-making within the ElringKlinger Group. The additional resources are to be used primarily for the purpose of developing and producing tools and dies in the Shielding Technology division.

Maier Formenbau GmbH specializes in the manufacture and repair of technically complex injection-molding tools. The company employs 42 people and generated revenue of EUR 6 million in the 2015 financial year.

For further information, please contact:
ElringKlinger AG
Dr. Jens Winter
Investor Relations / Corporate PR
Max-Eyth-Straße 2
72581 Dettingen/Erms
Germany
Phone: +49 7123 724-88335
Fax: +49 7123 724-85 8335
E-Mail: jens.winter[at]elringklinger.com

About ElringKlinger AG
ElringKlinger has focused its efforts on developing forward-looking green technologies. These are designed not only to reduce CO₂ emissions but also to scale back the level of harmful nitrogen oxides, hydrocarbons, and soot particles. ElringKlinger is one of the few automotive suppliers worldwide with the capabilities of developing and producing high-tech components for all types of drive system - whether for downsized combustion engines or for electric vehicles driven by batteries or fuel cells. Drawing on its expertise in lightweight engineering, ElringKlinger can make a decisive contribution to efforts aimed at further reducing vehicle weight and thus fuel consumption. The company's portfolio centered around emissions reduction also includes particulate filters and end-to-end exhaust gas purification systems used in ships, commercial vehicles, construction machinery and stationary engines as well as in power stations. This is complemented by products made of the high-performance plastic PTFE supplied by ElringKlinger Kunststofftechnik, which are marketed to a wide range of industries - also to those operating beyond the vehicle manufacturing sector. Applying its abilities as an innovator, ElringKlinger is committed to sustainable mobility and earnings-driven growth. These efforts are supported by a dedicated workforce of more than 8,000 people at 45 ElringKlinger Group locations around the globe.