EANS-Adhoc: ElringKlinger AG acquires majority interest in mold and tool manufacturer Hummel-Formen GmbH

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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12.09.2011

Dettingen/Erms (Germany), September 12, 2011 +++ ElringKlinger AG has
acquired a 90% interest in the Hummel Group, based in
Lenningen/Baden- Württemberg (Germany). The purchase agreements with
the family that owns the group were signed on September 10. Alongside
Hummel-Formen GmbH, the Hummel Group includes Hummel
Kunststofftechnik GmbH and two subsidiaries in Romania.

Specializing in the manufacture of large-scale molds for injection
tools used in the production of plastic parts that are required
primarily for engine-related applications, Hummel-Formen GmbH has
established a unique selling proposition by combining tooling,
production and process development within its portfolio. In acquiring
a majority interest, ElringKlinger has reinforced its expertise with
regard to tooling technology and expanded its knowledge in the field
of lightweight engineering, particularly in terms of incorporating
fiber-reinforced composites. The replacement of heavy metal parts
with lightweight plastics is currently considered one of the key
trends within the automotive industry when it comes to reducing fuel
consumption and lowering CO2 emissions. Furthermore, ElringKlinger
has secured major process patents that are currently being filed.
Additional know-how within these areas will provide ElringKlinger
with a significant competitive advantage both in terms of technology
and cost structures.

The transaction will be concluded subject to the usual proviso of
official approval by the antitrust authorities. ElringKlinger
anticipates that it will be in a position to close the takeover and
include Hummel-Formen GmbH in the scope of consolidation of the
ElringKlinger Group effective from October 1, 2011.

In total, the Hummel Group employs 240 people in Germany and Romania.
In fiscal 2011, the Hummel Group plans to generate sales of around
EUR 20 million, with an operating margin towards the lower end of the
double digit range. A third of its revenue originates from business
with the ElringKlinger Group. The purchase price payable for the 90%
interest is approximately EUR 13 million.

Technological lead from tool technology in the area of lightweight
design

The majority takeover of Hummel-Formen GmbH will allow ElringKlinger
to expand its expertise in injection molding, as well as giving the
company access to process capabilities that will be available
throughout the global Group.

Hummel-Formen has filed a patent for the so-called "JointMelt
method", as part of which the two production steps usually required
can be combined within a single manufacturing process. The plastic
components are joined directly within the injection mold by using the
hot gas welding method. This eliminates one of the steps required as
part of conventional methods, making the new process more
cost-effective and delivering a significant improvement in component
quality compared to standard methods. Furthermore, a new type of
lightweight construction process was developed, in which so-called
organo sheets, particularly light but extremely sturdy thermoplastic
structural components with embedded fiber-reinforced composites, are
processed and plastic elements for additional component functions are
already injection molded in the tool.

In the future, tools procured by the ElringKlinger Group from
external sources will be increasingly provided by Hummel Formenbau.
The additional purchasing volumes for tool steels, processing tools
and external services are expected to provide further synergies.

In fiscal 2010, the Plastic Housing Modules/Elastomer Technology
division of the ElringKlinger Group generated revenues of EUR 161.5
million mainly from the sale of lightweight plastic cam covers and
oil pans as well as transmission housing modules.

Further inquiry note:
ElringKlinger AG
Investor Relations / Corporate Communications
Stephan Haas
Max-Eyth-Straße 2
72581 Dettingen
Fon: +49 (0)7123-724-137
E-Mail:stephan.haas@elringklinger.com

end of announcement euro adhoc
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issuer: ElringKlinger AG
Max-Eyth-Straße 2
D-72581 Dettingen/Erms
phone: +49(0)7123 724-0
FAX: +49(0)7123-7249000
mail: info@elringklinger.com
WWW: http://www.elringklinger.com
sector: Automotive Equipment
ISIN: DE0007856023
indexes: MDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Düsseldorf, München, regulated dealing: Stuttgart
language: English