14.06.2016
ElringKlinger AG DE0007856023
DGAP-News: ElringKlinger acquires tool- and die-making specialist
DGAP-News: ElringKlinger AG / Key word(s): Miscellaneous
ElringKlinger acquires tool- and die-making specialist
14.06.2016 / 14:09
The issuer is solely responsible for the content of this announcement.
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ElringKlinger acquires tool- and die-making specialist
- Strategic acquisition strengthens expertise and capacity levels of
ElringKlinger Group in tool- and die-making
- Manufacture of tools and dies for Shielding Technology and other
divisions
- Takeover as part of asset deal effective from June 1, 2016
Dettingen/Erms (Germany), June 14, 2016 +++ ElringKlinger AG has taken
over the business operations of the insolvent tool- and die-making company
Maier Formenbau GmbH, based in Bissingen/Teck, Germany. In this context,
ElringKlinger acquired, effective from June 1, 2016, all assets of Maier
Formenbau GmbH required for the continuation of business operations (asset
deal).
In taking over the business operations, ElringKlinger has further
strengthened its current expertise and capacity levels in the area of tool-
and die-making. "Following the acquisition of Hummel-Formen GmbH in 2011,
this latest takeover is to be seen as the next logical step. It adds to our
skillset in the best possible way and allows us to stand our ground as a
technology leader in the field of tool- and die-making," says Jürgen
Weingärtner, who as Head of Technical Service is responsible for tool- and
die-making within the ElringKlinger Group. The additional resources are to
be used primarily for the purpose of developing and producing tools and
dies in the Shielding Technology division.
Maier Formenbau GmbH specializes in the manufacture and repair of
technically complex injection-molding tools. The company employs 42 people
and generated revenue of EUR 6 million in the 2015 financial year.
For further information, please contact:
ElringKlinger AG
Dr. Jens Winter
Investor Relations / Corporate PR
Max-Eyth-Straße 2
72581 Dettingen/Erms
Germany
Phone: +49 7123 724-88335
Fax: +49 7123 724-85 8335
E-Mail: [email protected]
About ElringKlinger AG
ElringKlinger has focused its efforts on developing forward-looking green
technologies. These are designed not only to reduce CO2 emissions but also
to scale back the level of harmful nitrogen oxides, hydrocarbons, and soot
particles. ElringKlinger is one of the few automotive suppliers worldwide
with the capabilities of developing and producing high-tech components for
all types of drive system - whether for downsized combustion engines or for
electric vehicles driven by batteries or fuel cells. Drawing on its
expertise in lightweight engineering, ElringKlinger can make a decisive
contribution to efforts aimed at further reducing vehicle weight and thus
fuel consumption. The company's portfolio centered around emissions
reduction also includes particulate filters and end-to-end exhaust gas
purification systems used in ships, commercial vehicles, construction
machinery and stationary engines as well as in power stations. This is
complemented by products made of the high-performance plastic PTFE supplied
by ElringKlinger Kunststofftechnik, which are marketed to a wide range of
industries - also to those operating beyond the vehicle manufacturing
sector. Applying its abilities as an innovator, ElringKlinger is committed
to sustainable mobility and earnings-driven growth. These efforts are
supported by a dedicated workforce of more than 8,000 people at 45
ElringKlinger Group locations around the globe.
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14.06.2016 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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Language: English
Company: ElringKlinger AG
Max-Eyth-Straße 2
72581 Dettingen/Erms
Germany
Phone: 071 23 / 724-0
Fax: 071 23 / 724-9006
E-mail: [email protected]
Internet: www.elringklinger.de
ISIN: DE0007856023
WKN: 785602
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich; Terminbörse EUREX
End of News DGAP News Service
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471391 14.06.2016
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