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ElringKlinger Looks At Acquisitions

July 2008 | Company News Alert

German auto parts supplier ElringKlinger is looking to acquire companies with a turnover of between EUR30mn and EUR200mn, in order to achieve its target of generating profits of over EUR55mn in 2008. The supplier is primarily aiming to grow by 5-7% annually through expansion into future-oriented segments such as light-weight plastics and lithium-ion batteries.

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