EANS-News: ElringKlinger Group acquires majority stake in Turkish company

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Mergers - Acquisitions - Takeovers

Dettingen/Erms (euro adhoc) - (Germany) / Bursa (Turkey), October 27,
2009 +++ The ElringKlinger Group has acquired a 90% interest in the
Turkish automotive supplier Ompa? S.A., based in Bursa, thereby
strengthening its position with a company-controlled production unit
in the burgeoning Turkish automobile market.

New production company in Turkey The agreement on the acquisition of
shares was completed on October 27, 2009, following the conclusion of
negotiations with the owner family. Thus, the takeover became
effective immediately. The former owner has retained an interest of
10%.

The purchase price - including liabilities incurred by Ompa? - is
towards the lower end of the single-digit million range. Employing 45
people, the company generated sales revenue of approx. EUR 3 million
in 2008. The operating margin is within the single-digit range. The
core products manufactured by Ompa? are heat shields for the thermal
shielding of a vehicle's engine, transmission and exhaust tract.
Additionally, the portfolio comprises metal components and wheel
rims. Among others, the company's customer base includes BMC, vehicle
producer and Fiat importer Tofas as well as Ford Otosan.

In future, the enterprise will presumably trade under the name of
ElringKlinger Türkei, S.A.

Numerous contracts from Turkish vehicle manufacturers ElringKlinger
has received significant orders from international vehicle
manufacturers - principally from Asia - with production facilities in
Turkey as well as from the Turkish automotive industry, thus
necessitating a local production base. In acquiring Ompa?,
ElringKlinger has created a fast-track opportunity to establish
domestic operations with its own production enterprise. For this
purpose, the facility in Bursa is to undergo further expansion,
including additional automated systems. Beyond shielding technology,
the portfolio marketed in Turkey is to be extended to include other
product groups. In the next three years, the new Turkish subsidiary
will be looking to expand its revenue to over EUR 10 million.

The Turkish automobile market is expected to generate solid growth in
the coming years, not least because of Turkey's favorable age
demographics, with a very young population. Whereas Europe has 307
cars per 1000 inhabitants, Turkey currently numbers just 95. On this
basis, ElringKlinger sees solid potential for growth.

Ende der Mitteilung euro adhoc
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ots Originaltext: ElringKlinger AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

For further information, please contact:

ElringKlinger AG Corporate Communications/Investor Relations

Stephan Haas

Max-Eyth-Straße 2

72581 Dettingen

Phone +49 (0)7123/724-137

E-mail: stephan.haas@elringklinger.de

Branche: Automotive Equipment
ISIN: DE0007856023
WKN: 785602
Index: MDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Düsseldorf / free trade
München / free trade
Stuttgart / regulated dealing