ElringKlinger subsidiary Hug Engineering AG acquires COdiNOx Beheer Group

DGAP-News: ElringKlinger AG / Key word(s): Takeover2016-03-18 / 11:15The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------Dettingen/Erms (Germany), March 18, 2016 +++ Hug Engineering AG, aspecialist in exhaust gas purification systems based in Elsau, Switzerland,has acquired an additional 80% of the ownership interests in COdiNOx BeheerB.V., a company headquartered in Enschede, Netherlands. It thus holds 90%of the interests in this entity. The other 10% interest remains with theformer majority owner. The purchase agreements were signed at the end ofFebruary 2016.Closing of the takeover deal is dependent, among other aspects, on themerger of four subsidiaries of COdiNOx Beheer B.V. into the parent company.The transaction is expected to be closed in April 2016. The company willsubsequently be renamed as Hug Engineering B.V. The acquiree is to beincluded in the scope of consolidation of the Hug Engineering Groupretrospectively as of January 1, 2016.COdiNOx Beheer B.V. has been a distribution and service partner to HugEngineering for the past 20 years. It encompasses the subsidiaries SootTechB.V., SootTech Marine B.V., Hanwel Environment and Energy B.V., andCOdiService B.V. Hanwel E&E holds the exclusive distribution rights toCOdiNOx systems produced by Hug Engineering and used as flue gas scrubbersin greenhouses. SootTech B.V. distributes the full range of Hug systems formobile applications. Hug Engineering has held a 10% interest in theaforementioned companies for the last ten years.As Mark Fellmann, Managing Director of Hug Engineering AG, pointed out:"This acquisition is aimed at exploiting synergies and leveraging growthpotential for Hug exhaust gas purification systems. Our intention is tofurther extend our solid, well-established business relationship and driveforward efforts to cultivate new markets."COdiNOx Beheer B.V. currently employs 19 people, who will be taken on bythe new subsidiary Hug Engineering B.V. The management structures in theNetherlands will remain unchanged.__________________________________________________________________________For further information, please contact:ElringKlinger AG Dr. Jens WinterInvestor Relations / Corporate PRMax-Eyth-Straße 272581 Dettingen/ErmsGermanyPhone +49 7123 724-88335Fax +49 7123 724-85 8335E-mail jens.winter@elringklinger.comAbout ElringKlinger AGElringKlinger has focused its efforts on developing forward-looking greentechnologies. These are designed not only to reduce CO2 emissions but alsoto scale back the level of harmful nitrogen oxides, hydrocarbons and sootparticles. ElringKlinger is one of the few automotive suppliers worldwidewith the capabilities of developing and producing high-tech components forall types of drive system - whether for downsized combustion engines or forelectric vehicles driven by batteries or fuel cells. Drawing on ourexpertise in lightweight engineering, we can make a decisive contributionto efforts aimed at further reducing vehicle weight and thus fuelconsumption. The company's portfolio centered around emissions reductionalso includes particulate filters and end-to-end exhaust gas purificationsystems used in ships, commercial vehicles, construction machinery andstationary engines as well as in power stations. This is complemented byproducts made of the high-performance plastic PTFE supplied byElringKlinger Kunststofftechnik, which are marketed to a wide range ofindustries - also to those operating beyond the vehicle manufacturingsector. Applying our abilities as an innovator, we are committed tosustainable mobility and earnings-driven growth. These efforts aresupported by our dedicated workforce of more than 7,900 people at 45ElringKlinger Group locations around the globe.About Hug Engineering AGHug Engineering's core business is the development, manufacturing,engineering, sales and servicing of exhaust gas purification systems. Thecompany has been providing standard as well as tailor-made solutions toit's customers for more than 30 years. Because of innovation and know-how,Hug Engineering has become one of the world's leaders in the area of dieselparticle filters and catalytic exhaust after treatment for stationary andmobile applications.---------------------------------------------------------------------------2016-03-18 Dissemination of a Corporate News, transmitted by DGAP - aservice of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP 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 / 724-0                                                 Fax:         071 23 / 724-9006                                              E-mail:      jens.winter@elringklinger.com                                  Internet:    www.elringklinger.de                                           ISIN:        DE0007856023                                                   WKN:         785602                                                         Indices:     MDAX                                                           Listed:      Regulated Market in Frankfurt (Prime Standard), Stuttgart;                  Regulated Unofficial Market in Berlin, Dusseldorf,                          Hamburg, Hanover, Munich; Terminbörse EUREX                          End of News    DGAP News Service