01.12.2016
NORMA Group SE DE000A1H8BV3
DGAP-News: NORMA Group successfully completes acquisition of Parker Hannifin's global Autoline business for quick connectors
DGAP-News: NORMA Group SE / Key word(s): Takeover/Mergers & Acquisitions
NORMA Group successfully completes acquisition of Parker Hannifin's global
Autoline business for quick connectors
01.12.2016 / 10:06
The issuer is solely responsible for the content of this announcement.
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NORMA Group successfully completes acquisition of Parker Hannifin's global
Autoline business for quick connectors
Maintal, Germany, December 1, 2016 - NORMA Group, a global market leader in
engineered joining technology, has successfully completed the acquisition
of the Autoline business from Parker Hannifin. Autoline produces quick
connectors for the connection of fluid lines in motor vehicles and has more
than 200 employees at locations in France, Mexico and China.
"The acquisition of Autoline strengthens our market position with new
products in the area of quick connectors and by gaining new customers,
including in Asia," says Werner Deggim, CEO of NORMA Group. "The decades-
long experience of Autoline and the expertise in the development and
manufacture of joining products fit perfectly with NORMA Group. We look
forward to working with our new colleagues."
The consolidation of Autoline is effective immediately. The business is
expected to generate global sales of around EUR 40 million for fiscal year
2017. Autoline has developed, manufactured and marketed plastic quick
connectors for more than 20 years. The products connect, among other
things, fuel-line systems, tank ventilation, cooling, brake vacuums and SCR
(Selective Catalytic Reduction) in all vehicle types. Autoline is
headquartered in Guichen, France. The business was part of the Fluid System
Connectors Division of Parker Hannifin Corporation and previously a
division of Legris.
Additional information on the company is available on www.normagroup.com.
Press photos are available from our platform on www.normagroup.com/images.
Contact
NORMA Group SE
Daphne Recker
Group Communications
E-mail: [email protected]
Tel: +49 (0)6181 - 6102 743
About NORMA Group
NORMA Group is a global market leader in engineered joining technology. The
company manufactures a wide range of innovative connecting solutions and
water management technology offering more than 35,000 products to customers
in 100 countries with around 6,500 employees. NORMA Group helps its
customers and business partners to react to global challenges such as
climate change and increasing scarcity of resources. NORMA Group joining
products can be found in vehicles and trains, ships and aircraft, buildings
and water management as well as in applications for the pharmaceutical and
biotechnology industry. The company generated sales of around EUR 890
million in 2015. NORMA Group operates a global network of 22 production
facilities as well as numerous sales and distribution sites across Europe,
the Americas, and Asia-Pacific. NORMA Group has its headquarters in
Maintal, Germany. NORMA Group SE is listed on the German stock exchange
(Prime Standard) and included in the MDAX index.
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01.12.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: NORMA Group SE
Edisonstr. 4
63477 Maintal
Germany
Phone: +49 6181 6102 741
Fax: +49 6181 6102 7641
E-mail: [email protected]
Internet: www.normagroup.com
ISIN: DE000A1H8BV3
WKN: A1H8BV
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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