ElringKlinger AG: ElringKlinger increases its interest in the exhaust gas specialist Hug

ElringKlinger AG / Key word(s): Investment31.07.2013 / 09:07---------------------------------------------------------------------Dettingen/Erms (Germany), July 31, 2013 +++ Automotive supplierElringKlinger AG acquires an additional 24.99% interest in the exhaust gaspurification specialist Hug Engineering AG. The contracts with members ofthe former family owners and another shareholder were signed on July 30,2013. ElringKlinger now holds a 93.67% interest in the Swiss subsidiary inwhich it assumed control in May 2011.ElringKlinger AG's stated aim is to acquire the Group's minority intereststo the highest extent possible. With this latest acquisition, the Companyis strengthening its position in the rapidly growing area of exhaust gaspurification technology. This will enable the Company to bring technicalinnovations to the market even faster and to open up new areas ofapplication and enter new regions. The purchase price for the interest justacquired amounts to approximately CHF 5.7 million (EUR 4.6 million).The Swiss Hug Group manufactures exhaust aftertreatment systems forstationary oil and natural gas-fired power plants as well as for mobileinstallations in commercial vehicles, locomotives, and ships. Hug developsand produces all of the material components entirely in-house. Theseinclude ceramic substrates for catalytic converters, diesel particulatefilters, SCR systems, and the catalytic coating and housings utilized.An important pillar of the business is currently the retrofit business withmobicleanR(TM) diesel particulate filter systems in the USA. Revenues forcatalytic converter-combined diesel particulate filter systems have beencontinuously rising in recent months aided by the CARB (California AirResources Board) approval of the California Environmental Protection Agencyfor buses and trucks with a vehicle weight of over 6.34 tons. In the mainmarket of California, Hug now commands a market share of around 35%. Thenauticlean(TM) exhaust gas purification systems for the shipping industryarealso showing encouraging development. In addition, Hug is already workingon prototypes for applications in the original equipment segment.The Hug Group achieved revenues of EUR 36.6 million in 2012 and a lossbefore taxes of EUR 3.5 million. Profitability has already seen anoticeable improvement in the first quarter of 2013 through productionoptimization and new projects. Revenues increased to EUR 11.0 million andearnings before taxes amounted to EUR 1.0 million.End of Corporate News---------------------------------------------------------------------31.07.2013 Dissemination of a Corporate News, transmitted by DGAP - acompany of EQS Group AG.The issuer is solely responsible for the content of this announcement.DGAP's Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de---------------------------------------------------------------------Language:    English                                                 Company:     ElringKlinger AG                                                     Max-Eyth-Straße 2                                                    72581 Dettingen/Erms                                                 Germany                                                 Phone:       071 23 / 724-636                                        Fax:         071 23 / 724-459                                        E-mail:      stephan.haas@elringklinger.de                           Internet:    www.elringklinger.de                                    ISIN:        DE0007856023                                            WKN:         785602                                                  Indices:     MDAX                                                    Listed:      Regulierter Markt in Frankfurt (Prime Standard),                     Stuttgart; Freiverkehr in Berlin, Düsseldorf, Hamburg,               Hannover, München                                         End of News    DGAP News-Service  ---------------------------------------------------------------------  223530 31.07.2013