03/09/2012

Elantas GmbH

ELANTAS merging in Italy

ELANTAS announces that ELANTAS Camattini S.p.A., registered office in Collecchio (PR, Italy), will be merged into ELANTAS Deatech S.r.l effective December 31, 2011. At the same time ELANTAS Deatech S.r.l. will change the business name and the registered office as follows ELANTAS Italia S.r.l., registered office: Strada Antolini n.1, 43044 Collecchio (Parma) – Italy.

Following this merger ELANTAS Italia S.r.l. will assume full control of all assets of the company formed through the merger and on any of scopes, acts and rights as well as on any obligations, commitments and liabilities. As of December 31, 2011 ELANTAS Italia will be the sole operating company of the ELANTAS group in Italy for any business relationship, including those existing prior to the above mentioned date.

“With this structural and legal change ELANTAS is taking the next step to become an integrated yet decentralized organization and to positioning ELANTAS Italia for future growth and success”, stated Dr. Wolfgang Schütt, Division President ELANTAS group. Antonio Nastasi, Managing Director of ELANTAS Italia added, “The employees have already started analyzing the harmonization of business processes in order to prepare for a future common ERP basis. Knowing many of the detailed discussions I think we have already made good progress, but there is still a way to go”.

ELANTAS Italia operates through three production sites in Italy: Ascoli Piceno, Collecchio (Parma) and Quattordio (AL).