Press release

WashTec signed agreement to acquire the assets of Barin S.A.'s carwash division and used the opportunity to substantially increase its market presence in Spain.

Augsburg, April 28, 2011 - WashTec, the leading supplier of innovative solutions for the carwash business worldwide, today announced that it has signed an agreement to acquire the major assets of the carwash division of Barin S.A., the former dealer of Ceccato and second biggest market player in Spain. A purchase price of about EUR 0.6m was agreed between the parties, which covers the customer base, some inventories and important employees. The closing of the agreement is subject to the approval of the competent insolvency court in Madrid. The court's decision is expected within the coming weeks.

Due to the difficult market situation in Spain, Barin has run into financial difficulties and had to declare insolvency in 2010. WashTec has therefore decided to use the opportunity to offer Barin's management to integrate the carwash activities of Barin into WashTec's sales and service subsidiary in Spain. 'It is our objective to strengthen WashTec's market position in Spain in a difficult economic environment. With this step, WashTec becomes the second biggest player in Spain,' said Thorsten Krüger, the CEO of WashTec AG.

About WashTec:
The WashTec Group, with its headquarters in Augsburg, Germany, is the leading supplier of innovative solutions for the carwash business worldwide. WashTec employs more than 1,600 people around the world and has its own subsidiaries in the European core markets, the US and Canada as well as in China and Australia. Furthermore, WashTec is represented in around 60 countries by independent sales partners.

Contact:
WashTec AG
Argonstrasse 7
86153 Augsburg

Tel.: +49 (0)821 - 55 84 - 0
Fax: +49 (0)821 - 55 84 - 1135