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

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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.

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
Ende der Mitteilung 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.de
WWW: http://www.elringklinger.de
sector: Automotive Equipment
ISIN: DE0007856023
indexes: MDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Düsseldorf, München, regulated dealing: Stuttgart
language: English

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