Headquartered in Switzerland, Hug Engineering AG is one of the leading manufacturers of exhaust gas purification systems for diesel and gas engines used in stationary and mobile applications. The company generates sales of around EUR 50 million and employs about 230 people worldwide in five countries .

ElringKlinger AG is a listed Germany-based worldwide leading automotive supplier. In completing this deal, ElringKlinger will withdraw from the exhaust gas purification business in order to strategically focus on the fields of lightweighting and e-mobility with its three supportive pillars of battery technology, fuel cell technology and electric drive systems.

Faurecia S.A. is a listed France-based global player in providing automotive components with activities in the fields of automotive seating, interior systems and clean mobility.