HWA AG was founded in 1999 as a spin-off from AMG, which was established in 1967 by Hans Werner Aufrecht. HWA AG was established as the Mercedes Benz customisation specialist.
Towards the end of 1998 Aufrecht sold a majority interest in AMG Motoren- und Entwicklungsgesellschaft mbH, as it then was, to DaimlerChrysler AG. In the process of disposal, motor racing – what is today the AMG-Mercedes Team in the German Touring Car Championship (DTM) – and parts of the customised vehicles construction business were spun off and transferred to HWA AG.
The vehicles and vehicle components business develops and builds sports cars for Daimler AG and Mercedes-AMG GmbH. In addition to its DTM racing team, since 2003 HWA has also developed, manufactured and serviced racing engines for the Formula 3 Euroseries and the British Formula 3 Series.
HWA AG currently has 224 employees at its plant in Affalterbach, and two main activities: motor racing, and its vehicles and components business. In 2006 HWA AG had revenues of EUR 57.6 million and EBIT of EUR 6.9 million. Its net profit after interest and taxes was some EUR 4.2 million.
