06.06.2018
NORMA Group SE DE000A1H8BV3
DGAP-News: NORMA Group to acquire a supplier in the area of metal processing
DGAP-News: NORMA Group SE / Key word(s): Mergers & Acquisitions
NORMA Group to acquire a supplier in the area of metal processing
06.06.2018 / 09:59
The issuer is solely responsible for the content of this announcement.
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NORMA Group to acquire a supplier in the area of metal processing
* Expansion of the value chain for stamping and forming technology
Maintal, Germany, June 6, 2018 - NORMA Group signed an agreement to acquire
Statek Stanzereitechnik GmbH ("Statek") on June 5, 2018. Statek has many
years of experience and a high level of production expertise in stamping,
bending and forming technology for almost all commonly used metals. The
parties have agreed not to disclose the details of the agreement. Completion
is expected after antitrust approval in mid-2018.
The company based in Maintal was founded by Dieter Anton in 1980 and
produces contact and stamped parts, housings, wave springs and other
products. Statek has around 60 employees and supplies well-known German and
international customers in the electrical engineering, automotive and
reactor technology industries. NORMA Group has conducted business with
Statek for many years, buying housings and spring inserts for worm-drive
hose clamps from the medium-sized company. Statek generated sales of around
EUR 17.2 million in fiscal year 2017, around 70 percent of which came from
NORMA Group, its largest customer.
"We are delighted to have signed this agreement with Statek, adding a
reliable business partner to NORMA Group," said Bernd Kleinhens, Chairman of
NORMA Group. "Statek's technological expertise enables us to systematically
expand our value chain while increasing our flexibility in important product
areas. This will enable us to further strengthen our market position as a
reliable partner for our customers in the future."
Targeted acquisitions contribute to diversifying business activities and
strengthen the growth of NORMA Group. Acquisitions are therefore an integral
part of its long-term growth strategy. Since its IPO in 2011, NORMA Group
has acquired a total of thirteen companies and integrated them into the
Group.
More information on the company is available at www.normagroup.com. Press
photos are available from our platform at www.normagroup.com/images.
Press Contact
NORMA Group SE
Susanne Kindor Marrier d'Unienville
Group Communications
e-mail: [email protected]
Phone: +49 (0)6181 - 6102 7607
About NORMA Group
NORMA Group is a global market leader in engineered and standardized joining
technology (joining, fastening and fluid handling technology). The company
manufactures a wide range of innovative connecting solutions and water
management technology offering more than 40,000 products to customers in 100
countries with around 8,100 employees. NORMA Group helps its customers and
business partners 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 1.02 billion in 2017.
NORMA Group operates a global network of 27 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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06.06.2018 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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692829 06.06.2018
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