Car racing expert HWA AG strives for listing on the German
stock exchange
 HWA
AG, a spin off of the motor racing department of Mercedes-AMG
GmbH, intends to go public in the second quarter of 2007 on
the Frankfurt Stock Exchange’s ‘Entry Standard’
segment.
“HWA AG has been growing profitably since 1999 and
is ready to enter a new phase” stated Hans-Jürgen
Mattheis, the Board’s spokesman.
HWA AG is involved in road sports cars, car racing and engine
design.
Company Profile:
HWA AG, founded in 1999, evolved from the spin-off from AMG,
founded by Hans Werner Aufrecht back in 1967 as refining expert
for the Mercedes-Benz brand. In late 1998, Mr Aufrecht sold
the majority of the company then called ‘AMG Motoren-
und Entwicklungsgesellschaft mbH’ to DaimlerChrysler
AG.
Within the scope of this sale, the areas car racing, today’s
DTM team ‘AMG-Mercedes’ and parts of the special-vehicle
construction were hived off and assigned to HWA AG. In the
special-vehicle construction area, the company designs and
builds racing cars on behalf of DaimlerChrysler AG and Mercedes-Benz-AMG
GmbH. In addition to the racing team competing in the ‘Deutsche
Tourenwagen Masters’, DTM, and the special vehicle construction,
HWA has been designing, building and looking after racing
engines for the Formula 3 Euro Series and the British Formula
3 Championship since 2003. At the company headquarters in
Affalterbach, HWA currently employs 224 employees. It comprises
the three business areas road sports cars, car racing and
engine design.
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