Acquisition by Joint Venture

15th Sep 2010 12:15

GKN plc: Acquisition by joint venture

15 September 2010

GKN's joint venture Emitec Gesellschaft f¼r Emissionstechnologie mbH (Emitec) acquires Grundfos NoNOx Holding A/S (NoNOx) from Grundfos Holding A/S (Grundfos).

GKN announces that its Emitec joint venture, equally owned with Continental AG, which manufactures metallic substrates for catalytic converters, has completed the acquisition of NoNOx. NoNOx is a leading supplier of selective catalytic reduction (SCR) systems for diesel engines in trucks and buses, as well as construction and agricultural machinery.

SCR systems significantly reduce the nitrogen oxides content of exhaust emissions, as required by ever stringent emissions targets and legislation around the world, as well as reducing fuel consumption. SCR is the ideal solution for meeting the Euro 5 exhaust gas standard and is currently the only solution that meets the Euro 6 standard.

Emitec is active in the passenger car engine sector with its own compact SCR technology, while NoNOx targets large diesel engines. The two businesses are complimentary in terms of both markets and technology, providing an opportunity for significant growth in Emitec's sales in the coming years.

The business being acquired had gross assets of 17.5 million Euros at 31 December 2009.

For further information:Guy Stainer

Director, Investor Relations and External Communications

T: +44 (0)207 463 2382M: +44 (0)7739 778 187E: [email protected] LorenzFinancial DynamicsT: +44 (0)20 7269 7113M: +44 (0)7775 641 807Notes to Editors

GKN plc is a global engineering business serving mainly the automotive, aerospace and land systems markets. It has operations in more than 30 countries, around 38,500 employees in subsidiaries and joint ventures and had sales of £4.5 billion and trading profit of £152 million in the year ended 31 December 2009. GKN plc is listed on the London Stock Exchange .

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