ElringKlinger AG

euro adhoc: ElringKlinger AG
Mergers - Acquisitions - Takeovers
Agreement on the sale of the SEVEX Group to ElringKlinger comes into effect

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 17.04.2008 Dettingen/Erms (Germany)/Sevelen (Switzerland), April 17, 2008 +++ ElringKlinger AG has closed a definitive agreement to acquire Swiss manufacturer of thermal and acoustic shielding systems SEVEX AG, based in Sevelen. The purchase agreement came into effect following the receipt of official approval to the transaction by the antitrust authorities. Alongside the Swiss parent company, ElringKlinger has acquired the US subsidiary SEVEX North America, Inc., Buford (Georgia), as well as SEVEX Asia, based in Suzhou, China. Both parties to the contract have agreed not to disclose details of the exact purchase price. The purchase price is within a range of 7 to 8 times EBIT (earnings before interest and taxes). Inclusion in the consolidated group will take place effective from April 1, 2008. The SEVEX Group had forecast sales of CHF 95 million (EUR 59 million) for the financial year as a whole. SEVEX will in 2008 make a pro-rata contribution to the sales and earnings of the ElringKlinger Group. The takeover is expected to be earnings accretive in 2008. In the coming months the SEVEX Group, with a workforce of around 330 people, is to be integrated into the Shielding Technology division of the ElringKlinger Group. ElringKlinger generated sales of approx. EUR 93 (72) million within the area of shielding technology in the 2007 financial year. In acquiring SEVEX, ElringKlinger has advanced to become the second largest supplier of shielding systems for engines, underbodies and exhaust tracts. end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: ElringKlinger AG Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Stephan Haas Investor Relations Manager Telefon: +49(0)7123 724-137 E-Mail: stephan.haas@elringklinger.de Branche: Automotive Equipment ISIN: DE0007856023 WKN: 785602 Index: SDAX, CDAX, Classic All Share, Prime All Share Börsen: Börse Frankfurt / regulated dealing/prime standard Börse Berlin / free trade Börse Düsseldorf / free trade Börse München / free trade Börse Stuttgart / regulated dealing

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