16.01.2017
NORMA Group SE DE000A1H8BV3
DGAP-News: NORMA Group acquires Portuguese metal clamp manufacturer Lifial
DGAP-News: NORMA Group SE / Key word(s): Mergers & Acquisitions/Takeover
NORMA Group acquires Portuguese metal clamp manufacturer Lifial
16.01.2017 / 09:29
The issuer is solely responsible for the content of this announcement.
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NORMA Group acquires Portuguese metal clamp manufacturer Lifial
Maintal, Germany, January 16, 2017 - NORMA Group, a global market leader in
engineered joining technology, acquired Lifial - Indústria Metalúrgica de
Águeda, Lda. ("Lifial") on January 12, 2017. The two parties agreed not to
disclose the details of the transaction.
Lifial, based in Águeda, Portugal, has been manufacturing metal clamps for
28 years for use in industry and agriculture. Its portfolio includes heavy
duty clamps, pipe supporting clamps, and U-bolt clamps for mounting
antennas and solar modules. The company employs around 100 people and sells
its trademark products directly and through distributors to a wide range of
customers in Europe and North Africa. Annual turnover was around EUR 8
million in 2015.
"Lifial has grown profitably over the last few years. With the acquisition,
we are strengthening our product offering in the Distribution Services
business and our market position on the Iberian Peninsula and across
Europe. We are also adding new customers in North Africa through the
acquisition," says Werner Deggim, CEO of NORMA Group.
The Distribution Services business area of NORMA Group comprises high-
quality, standardized joining products for different fields of application.
These products are sold through various distribution channels under the
brands NORMA, ABA, Breeze, CONNECTORS, NDS, Serflex, Terry, Torca or Gemi.
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 6,700 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 25 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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16.01.2017 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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536553 16.01.2017
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