ElringKlinger lifts stake in Marusan Corporation to 50%

--------------------------------------------------------------------------------
ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
--------------------------------------------------------------------------------

Dettingen/Erms (euro adhoc) - Dettingen/Erms (Germany)/Tokyo (Japan), May 2,
2008 +++ The ElringKlinger Group has increased its stake in Japanese gasketing
manufacturer Marusan Corporation, Tokyo, from 10% to 50%. ElringKlinger plans
to unlock further sales growth with Japanese vehicle manufacturers and
strengthen its position in the Asian market.

Negotiations were finalized and the share purchase agreement was signed. The
deal will be effective immediately. Both parties also concluded a joint venture
agreement. The existing company ElringKlinger Marusan Corporation will be merged
with the newly-formed Joint Venture. The company will be registered under the
name of ElringKlinger Marusan Corporation.

The Marusan Corporation and its three affiliates produce cylinder head gaskets,
specialty gaskets and thermal shielding modules for the automobile and truck
industry. The company has targeted sales for 2008 of approx. EUR 45 million. The
purchase price for the 40% stake is in the range of 0.3 - 0.4 times sales.

Long standing relationship
In March 2004, ElringKlinger AG and Marusan Corporation founded the
ElringKlinger Marusan Corporation, a joint venture that has been focusing on R&D
and sales for the Japanese and other Asian markets. The successful acquisition
of new projects has led to a point when both companies decided to extend their
relationship to the manufacturing area.

Next step in Asian build-up
After having expanded its production sites in China as well as Korea and having
built up a plant in Ranjangaon, India, ElringKlinger is in the process of
expanding its business in Asia further and aims at strengthening its ties with
the Japanese original equipment manufacturers in the Japanese market and abroad.
Within this context ElringKlinger is also broadening its product range offered
in the Asian markets. Going forward, the newly formed joint venture, besides R&D
and sales, will provide a production hub for supplying Japanese clients from
within the Japanese market.

Further inquiry note:
Stephan Haas
Investor Relations Manager
Telefon: +49(0)7123 724-137
E-Mail: [email protected]

end of announcement euro adhoc
--------------------------------------------------------------------------------

emitter: ElringKlinger AG
Max Eyth Straße 2
D-72581 Dettingen/Erms
phone: +49(0)7123 724-0
FAX: +49(0)7123-7249006
mail: [email protected]
WWW: http://www.elringklinger.de
sector: Automotive Equipment
ISIN: DE0007856023
indexes: SDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Düsseldorf, Börse München, regulated dealing:
Börse Stuttgart
language: English

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | CNE

print