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Ad-Hoc-Release

ElringKlinger sells exhaust gas purification business

ElringKlinger AG / Key word(s): Disposal/Contract
ElringKlinger sells exhaust gas purification business

21-Dec-2017 / 22:32 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Dettingen/Erms (Deutschland), December 21, 2017 +++ ElringKlinger AG has reached an agreement with a major French automotive supplier for the sale of its exhaust gas purification business, as part of which the German company will divest itself from the Hug Group based in Elsau, Switzerland. The 93.67% interest held by ElringKlinger in Hug Engineering AG prior to the sale will thus pass entirely to the contracting party. The parties to the contract have agreed not to disclose details relating to the purchase consideration. The purchase agreement was signed on December 21, 2017; subject to antitrust clearance, the transaction is expected to be closed during the first quarter of 2018.

In completing this deal, ElringKlinger will withdraw from the business field of exhaust gas purification. This strategic decision is to be seen against the background of increasing globalization within this area of business, which would have necessitated further substantial investments by ElringKlinger in order to remain competitive in this market in the long term. ElringKlinger's strategic focus is mainly centered on the promising fields of lightweighting and e-mobility with its three supportive pillars of battery technology, fuel cell technology, and electric drive systems.

The Exhaust Gas Purification division currently operating within the Original Equipment segment offers solutions for engines deployed in both mobile - such as commercial vehicles, trains, and ships - and stationary applications. In 2016, it contributed around 3% to consolidated revenue within the ElringKlinger Group. Its share of business is estimated at a similar level for the current financial year.

 

About ElringKlinger AG
As an automotive supplier, ElringKlinger has become a trusted partner to vehicle manufacturers - with a firm commitment to shaping the future of mobility. Whether optimized combustion engines, high-performance hybrids, or environmentally-friendly battery and fuel cell technology, ElringKlinger provides innovative solutions for all types of drive system. ElringKlinger's lightweighting concepts help to reduce the overall weight of vehicles. As a result, vehicles powered by combustion engines consume less fuel and emit less CO2, while those equipped with alternative propulsion systems benefit from an extended range. In response to increasingly complex combustion engine technology, the Group also continues to refine and evolve its offering within the area of seals and gaskets in order to meet the highest possible standards. This is complemented by solutions centered around thermal and acoustic shielding technology. Additionally, the Group's portfolio includes products made of the high-performance plastic PTFE, which is also marketed to industries beyond the automotive sector. These efforts are supported by a dedicated workforce of more than 9,000 people at 49 ElringKlinger Group locations around the globe.




Contact:
For further information, please contact:

ElringKlinger AG - Investor Relations/Corporate PR
Dr. Jens Winter
Max-Eyth-Straße 2
72581 Dettingen/Erms
Tel.: +49 (0)7123-724-88335
E-Mail: jens.winter@elringklinger.com

21-Dec-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



 

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Notifications of voting rights

ElringKlinger AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

ElringKlinger AG

08.12.2017 / 12:51
Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Notification of Major Holdings

1. Details of issuer
ElringKlinger AG
Max-Eyth-Straße 2
72581 Dettingen/Erms
Germany

2. Reason for notification
XAcquisition/disposal of shares with voting rights
 Acquisition/disposal of instruments
 Change of breakdown of voting rights
 Other reason:

3. Details of person subject to the notification obligation
Name:City and country of registered office:
Internationale Kapitalgesellschaft mit beschränkter HaftungDüsseldorf
Germany

4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.
 

5. Date on which threshold was crossed or reached:
05 Dec 2017

6. Total positions
 % of voting rights attached to shares
(total of 7.a.)
% of voting rights through instruments
(total of 7.b.1 + 7.b.2)
total of both in %
(7.a. + 7.b.)
total number of voting rights of issuer
Resulting situation3.01 %1.38 %4.39 %63359990
Previous notificationn/a %n/a %n/a %/

7. Notified details of the resulting situation
a. Voting rights attached to shares (Sec.s 21, 22 WpHG)
ISINabsolutein %
 direct
(Sec. 21 WpHG)
indirect
(Sec. 22 WpHG)
direct
(Sec. 21 WpHG)
indirect
(Sec. 22 WpHG)
DE0007856023019041110.00 %3.01 %
Total19041113.01 %

b.1. Instruments according to Sec. 25 para. 1 No. 1 WpHG
Type of instrumentExpiration or maturity dateExercise or conversion periodVoting rights absoluteVoting rights in %
%
  Total %

b.2. Instruments according to Sec. 25 para. 1 No. 2 WpHG
Type of instrumentExpiration or maturity dateExercise or conversion periodCash or physical settlementVoting rights absoluteVoting rights in %
reverse convertible bond DE000TD7SN4722.12.2017Both1655180.26 %
reverse convertible bond DE000TR0J7K3 27.04.2018Both785720.12 %
discount certificate DE000DM06YK020.03.2018Both400000.06 %
discount certificate DE000HU67U0322.12.2017Both400000.06 %
discount certificate DE000HU85J5523.03.2018Both760000.12 %
discount certificate DE000HU85J6323.03.2018Both1830000.29 %
equity bond DE000CE5YWW821.12.2017Both732600.12 %
reverse convertible bond DE000CV1ZJB423.03.2018Both509510.08 %
reverse convertible bond DE000CV0WM2127.04.2018Both1149860.18 %
discount certificate DE000TD8LCM422.12.2017Both500000.08 %
discount certificate DE000PR3KE7121.12.2017Both50000.01 %
   Total8772871.38 %

8. Information in relation to the person subject to the notification obligation
XPerson subject to the notification obligation is not controlled and does itself not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (1.).
 Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name% of voting rights (if at least held 3% or more)% of voting rights through instruments (if at least held 5% or more)Total of both (if at least held 5% or more)
 

9. In case of proxy voting according to Sec. 22 para. 3 WpHG

Date of general meeting:
Holding position after general meeting: % (equals voting rights)

10. Other explanatory remarks:
 



08.12.2017 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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Press Release

ElringKlinger and Chengfei Integration Technology conclude framework agreement on joint venture for battery technology

DGAP-News: ElringKlinger AG / Key word(s): Alliance

27.11.2017 / 11:47
The issuer is solely responsible for the content of this announcement.


ElringKlinger and Chengfei Integration Technology conclude framework agreement on joint venture for battery technology

- Establishment of a joint venture for the development, production, and distribution of lithium-ion battery modules

- Complementary business operations: Chengfei Integration Technology contributes battery cells and ElringKlinger all other module components to joint venture

- Focus on international e-mobility projects in Asia, Europe, and the US

Dettingen/Erms (Germany), November 27, 2017 +++ ElringKlinger AG has reached an agreement with Sichuan Chengfei Integration Technology Co., Ltd. (CITC), China, outlining the companies' collaboration within the area of battery technology. A framework agreement covering the terms of the joint venture was signed by the partner companies on November 24, 2017. The agreement initially runs for a period of ten years up to December 31, 2027. The framework agreement stipulates the establishment of a joint venture entity for the development, production, and distribution of lithium-ion battery modules for the global automotive market. In this context, the focus is on international e-mobility projects in Asia, Europe, and the United States.

The joint venture brings together complementary operations of the two parties to the contract: while CITC is responsible, via its subsidiary China Aviation Lithium Battery Co., Ltd. (CALB), for the electrochemical constituents of the cell, ElringKlinger will be contributing the remaining components of the module, such as highly innovative cell contact systems and cell housings. Furthermore, ElringKlinger will oversee the areas of battery module design and production. In addition to gaining mutual access to resources, the two joint venture partners will benefit from each other's expertise and the many years of experience amassed by both companies in various sub-disciplines of battery technology. The aim of this collaborative approach in the field of battery technology is to evolve business activities in pursuit of a sustained improvement in market penetration.

Dr. Stefan Wolf, CEO of ElringKlinger AG, commented as follows: "The joint venture framework agreement provides a classic win-win constellation for the two partners. CITC now has at its side a global automotive supplier with expertise in industrialization and sales, while ElringKlinger will in future be working with one of the leading cell producers." "This is another important step forward with regard to our strategic positioning in the area of sustainable mobility," he added.

ElringKlinger has been active in the field of battery technology since as early as 2009 and commenced serial production of various components and cell contact systems for lithium-ion batteries several years ago. Additionally, ElringKlinger develops and manufactures complete battery modules and systems as well as aggregate energy storage units.

CITC is a subsidiary of the state-owned enterprise Aviation Industry Corporation of China. Among other shareholdings, CITC has a stake in CALB, which produces batteries and power supply systems for various applications. As a certified manufacturer of lithium-ion cells and energy storage systems, CALB will contribute the electrochemical constituents of the battery cell to the joint venture.


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


About ElringKlinger AG
As an automotive supplier, ElringKlinger has become a trusted partner to vehicle manufacturers - with a firm commitment to shaping the future of mobility. Whether optimized combustion engines, high-performance hybrids, or environmentally-friendly battery and fuel cell technology, ElringKlinger provides innovative solutions for all types of drive system. ElringKlinger's lightweighting concepts help to reduce the overall weight of vehicles. As a result, vehicles powered by combustion engines consume less fuel and emit less CO2, while those equipped with alternative propulsion systems benefit from an extended range. In response to increasingly complex combustion engine technology, the Group also continues to refine and evolve its offering within the area of seals and gaskets in order to meet the highest possible standards. This is complemented by thermal and acoustic shielding technology as well as particulate filters and end-to-end exhaust gas purification systems for engines used in stationary and mobile applications. Additionally, the Group's portfolio includes products made of the high-performance plastic PTFE, which is also marketed to industries beyond the automotive sector. These efforts are supported by a dedicated workforce of more than 9,300 people at 49 ElringKlinger Group locations around the globe.



27.11.2017 Dissemination of a Corporate News, transmitted by DGAP - a service 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.
Archive at www.dgap.de



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Reportable securities transactions

DGAP-DD: ElringKlinger AG english


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

09.11.2017 / 15:00
The issuer is solely responsible for the content of this announcement.


1. Details of the person discharging managerial responsibilities / person closely associated

a) Name
Title:
First name:Klaus
Last name(s):Eberhardt

2. Reason for the notification

a) Position / status
Position:Member of the administrative or supervisory body

b) Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name
ElringKlinger AG

b) LEI
529900QDISXXZ2D1Q489 

4. Details of the transaction(s)

a) Description of the financial instrument, type of instrument, identification code
Type:Share
ISIN:DE0007856023

b) Nature of the transaction
Acquisition

c) Price(s) and volume(s)
Price(s)Volume(s)
14.152325EUR28304.65EUR
14.172126EUR70860.63EUR

d) Aggregated information
PriceAggregated volume
14.1665EUR99165.2800EUR

e) Date of the transaction
2017-11-08; UTC+1

f) Place of the transaction
Name:Xetra
MIC:XETR



09.11.2017 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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Notifications of voting rights

ElringKlinger AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

ElringKlinger AG

08.11.2017 / 14:28
Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Notification of Major Holdings

1. Details of issuer
ElringKlinger AG
Max-Eyth-Straße 2
72581 Dettingen/Erms
Germany

2. Reason for notification
XAcquisition/disposal of shares with voting rights
 Acquisition/disposal of instruments
 Change of breakdown of voting rights
 Other reason:

3. Details of person subject to the notification obligation
Name:City and country of registered office:
The Capital Group Companies, Inc.Los Angeles, California
United States of America (USA)

4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.
SMALLCAP World Fund, Inc.

5. Date on which threshold was crossed or reached:
03 Nov 2017

6. Total positions
 % of voting rights attached to shares
(total of 7.a.)
% of voting rights through instruments
(total of 7.b.1 + 7.b.2)
total of both in %
(7.a. + 7.b.)
total number of voting rights of issuer
Resulting situation4.99 %0 %4.99 %63359990
Previous notification5.38 %0 %5.38 %/

7. Notified details of the resulting situation
a. Voting rights attached to shares (Sec.s 21, 22 WpHG)
ISINabsolutein %
 direct
(Sec. 21 WpHG)
indirect
(Sec. 22 WpHG)
direct
(Sec. 21 WpHG)
indirect
(Sec. 22 WpHG)
DE0007856023031636570 %4.99 %
Total31636574.99 %

b.1. Instruments according to Sec. 25 para. 1 No. 1 WpHG
Type of instrumentExpiration or maturity dateExercise or conversion periodVoting rights absoluteVoting rights in %
%
  Total %

b.2. Instruments according to Sec. 25 para. 1 No. 2 WpHG
Type of instrumentExpiration or maturity dateExercise or conversion periodCash or physical settlementVoting rights absoluteVoting rights in %
%
   Total %

8. Information in relation to the person subject to the notification obligation
 Person subject to the notification obligation is not controlled and does itself not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (1.).
XFull chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name% of voting rights (if at least held 3% or more)% of voting rights through instruments (if at least held 5% or more)Total of both (if at least held 5% or more)
The Capital Group Companies, Inc. % % %
Capital Research and Management Company4.51 % % %
Capital Group International, Inc. % % %
Capital Guardian Trust Company % % %

9. In case of proxy voting according to Sec. 22 para. 3 WpHG

Date of general meeting:
Holding position after general meeting: % (equals voting rights)

10. Other explanatory remarks:
 



08.11.2017 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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