05.07.2018
NORMA Group SE DE000A1H8BV3
DGAP-News: NORMA Group closes acquisition of Kimplas
DGAP-News: NORMA Group SE / Key word(s): Takeover
NORMA Group closes acquisition of Kimplas
05.07.2018 / 13:51
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
NORMA Group closes acquisition of Kimplas
* One hundred percent of shares acquired in water management systems
specialist Kimplas Piping Systems Ltd.
* Market position in Asia strengthened
Maintal, Germany / Nashik, India, July 5, 2018 - NORMA Group today announced
that the acquisition of Kimplas Piping Systems Ltd. ("Kimplas") has been
successfully closed. On April 6, 2018, the Company signed an agreement to
acquire 100 percent of the shares in Indian water management specialist
Kimplas. NORMA Group expects the acquisition of Kimplas to contribute
approximately EUR 10 million to sales in 2018. Kimplas will now be
immediately consolidated. The acquisition was financed through existing
long-term bank loans.
"The acquisition of Kimplas will see NORMA Group expand its water management
portfolio and strengthen its position in Asia," said Bernd Kleinhens,
Chairman of the Management Board of NORMA Group. "Along with electro
mobility, water management is one of the future-oriented markets in which we
would like to continue growing for the future."
Based in Nashik in Western India, Kimplas has been developing and producing
thermoplastic connection solutions since 1996, including compression
fittings, sprinklers and drippers as well as valves and filters. The company
has about 690 employees. Kimplas' certified products are used in drinking
water treatment and in supplying drinking water and gas to households, as
well as in water-saving micro-irrigation systems for agriculture. Its
products are sold primarily in India and other Asian countries. In the past
fiscal year (04/01/2017 to 03/31/2018), Kimplas generated preliminary sales
of around EUR 21 million.
Targeted acquisitions contribute to diversifying business activities and
strengthening the growth of NORMA Group. Acquisitions are therefore an
integral part of its long-term growth strategy. Since its IPO in 2011, the
Group has acquired a total of 14 companies.
Additional information on the company is available on www.normagroup.com.
Press photos are available from our platform on www.normagroup.com/images.
Press Contact
NORMA Group SE
Susanne Kindor Marrier d'Unienville
Group Communications
Email: [email protected]
Tel.: +49 (0)6181 - 6102 7607
About NORMA Group
NORMA Group is an international market and technology leader in engineered
joining technology (joining, connecting 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.
---------------------------------------------------------------------------
05.07.2018 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
---------------------------------------------------------------------------
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
---------------------------------------------------------------------------
701999 05.07.2018
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
NORMA Group SE ISIN: DE000A1H8BV3 können Sie bei EQS abrufen
Automobilzulieferer , A1H8BV , NOEJ , XETR:NOEJ