Two strong partners intensify long-standing business relationship: FUCHS and DMG MORI to launch technology partnership

Two strong partners intensify long-standing business relationship
FUCHS and DMG MORI to launch technology partnership

FUCHS PETROLUB SE and DMG MORI AKTIENGESELLSCHAFT are building on their successful cooperative efforts. The two companies are deepening their business relationship and have signed a collaboration contract. This agreement ensures close involvement by both companies in a technology partnership. Together, they intend to set standards with innovative product developments in the area of lubricants for machine tools.

The goal of the technology partnership is to jointly develop new lubricant solutions and services for machine tool applications. The plan also includes further progress in digitization of production processes and condition monitoring of machines and plants.

'Use of the correct lubricant is decisive for optimal productivity when machine tools are used for intensive processing of components. In FUCHS, we are pleased to have acquired a globally-based technology partner, and together we want to continue expanding our technology- and service-excellence', says Christian Thönes, Chairman of the Executive Board of DMG MORI AKTIENGESELLSCHAFT.

'DMG MORI has a high level of technological expertise, great innovative force and global presence. I am certain that customers and users, as well as the two companies, will benefit from this partnership', says Stefan Fuchs, CEO of FUCHS PETROLUB SE.

DMG MORI AKTIENGESELLSCHAFT
As 'Global One Company' DMG MORI is a leading producer worldwide of machine tools with sales revenues amounting to more than EUR 3.5 billion. The range of products includes turning and milling machines, as well as Advanced Technologies, such as ULTRASONIC, LASERTEC and ADDITIVE MANUFACTURING, as well as automation and complete technology solutions. The company is bundling technology excellence in the leading industries 'Aerospace', 'Automotive', 'Die & Mold' as well as 'Medical'. The 'Industrial Services' offer a wide range of customer-oriented services such as training, repair, maintenance and spare part services covering the entire machine life cycle. The APP-based control and operating software CELOS and the exclusive DMG MORI technology cycles and Powertools enable DMG MORI to shape Industrie 4.0. 10,000 DMG MORI machines have already been fitted with CELOS and are in the market. DMG MORI is present with 14 production sites and 157 sales and service locations in 79 countries around the world. In total over 12,000 employees are in direct contact to the customers.

FUCHS PETROLUB SE
FUCHS is a global Group with German roots that develops, produces and distributes lubricants and related specialties. FUCHS has more than 100,000 customers, including companies from the following fields: automotive suppliers, OEM, mining and exploration, metalworking, agriculture and forestry, aerospace, power generation, mechanical engineering, construction and transport, as well as the steel, metal and cement industries, yet also companies in the food industry, the glass production sector and the casting and forging industry - and many others. Founded in 1931 as a family business in Mannheim, today there are 57 operating companies with almost 5,000 employees in more than 40 countries under the umbrella of FUCHS PETROLUB SE. FUCHS is the world's largest provider among the independent lubricant manufacturers.

Mannheim, September 4, 2017

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim, Germany
Tel. +49 (0) 621 3802-1104
tina.vogel@fuchs-oil.de
www.fuchs.com/group

Important note
This press release contains statements about future developments that are based on assumptions and estimates by the management of FUCHS PETROLUB SE. Even if the management is of the opinion that these assumptions and estimates are accurate, future actual developments and future actual results may differ significantly from these assumptions and estimates due to a variety of factors. These factors can, for example, include changes in the overall economic climate, changes in procurement prices, changes to exchange rates and interest rates, and changes within the lubricants industry. FUCHS PETROLUB SE provides no guarantee that future developments and the results actually achieved in the future will match the assumptions and estimates set out in this press release and assumes no liability for such.