MTU Aero Engines Holding AG, Munich, was created in 2004, as a result of MTU Aero Engines Erste Holding GmbH’s transformation into a joint stock company, shortly before the IPO. Prior to the IPO, the company was owned by funds managed by one of the world’s leading private equity firms, Kohlberg Kravis Roberts & Co. (KKR). The funds had acquired the company at the end of 2003. Until that time, it had been a wholly owned subsidiary of the then DaimlerChrysler AG. Because the long-established MTU only became an independently controlled company again as from the 2004 financial year, the comparative presentations in this Annual Report are limited to the period from 2005, the year of the IPO, to the financial year 2009.