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NORMA Group SE — M&A Activity 2013
May 21, 2013
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M&A Activity
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Corporate | 21 May 2013 09:25
NORMA Group acquires joining technology distribution business from Variant in Poland
NORMA Group AG / Key word(s): Acquisition/Mergers & Acquisitions
21.05.2013 / 09:25
NORMA Group acquires joining technology distribution business from Variant in Poland
Maintal, Germany, 21 May 2013 – NORMA Group, a global market and technology leader for engineered joining technology, signed a purchase agreement on 17 May, 2013 to acquire the distribution business for joining technology of Variant SA (‘Variant’) in Poland. The parties agreed to maintain confidentiality on the transaction details. The transaction is expected to be closed soon.
The Krakow, Poland-based Variant sells joining products and cable ties, and has been a distribution partner of NORMA Group for more than 20 years. The products are sold to over 1,000 retailers and wholesalers across Poland. End clients include home improvement stores, garages and specialist retailers for automotive supplies. In financial year 2012, Variant’s joining technology business generated revenues of around EUR 5 million. It will be consolidated as part of NORMA Group effective immediately.
By taking over Variant’s joining technology business, NORMA Group is strengthening its market position in the Eastern European region and expanding its cable tie offering. NORMA Group has been in Poland since 1989 and has been operating a production facility in Pilica since 2000. A new distribution centre has been established in Moscow, Russia last year.
‘We will gain an experienced distribution team in Poland and look forward to expanding both our product offering in cable ties and our client base in Eastern Europe,’ says Werner Deggim, CEO of NORMA Group. ‘We intend to leverage Variant’s long-standing expertise to further build our distribution activities across Eastern Europe. This will enable us to service our clients in this European high-growth region even better.’
Additional information on the company is available on www.normagroup.com . Press photos are available from our platform on www.normagroup.com/presspictures .
Contact
NORMA Group AG
Daphne Recker
Media Relations
E-Mail: [email protected]
Tel.: +49 (0)6181 – 6102 743
About NORMA Group
NORMA Group is an international market and technology leader in engineered joining technology. The company manufactures a wide range of innovative engineered joining technology solutions in three product categories (clamp, connect and fluid) and offers more than 30,000 high-quality products and solutions to around 10,000 customers in 100 countries. NORMA Group joining products can be found in vehicles, ships, trains, aircraft, domestic appliances, engines and plumbing systems as well as in applications for the pharmaceutical and biotechnology industry. NORMA Group generated sales of around EUR 605 million in 2012. With around 4,500 employees, NORMA Group operates a global network of 19 production facilities as well as numerous sales and distribution sites across Europe, the Americas, and Asia-Pacific. NORMA Group has its headquarters in Maintal near Frankfurt am Main, Germany. The company was formed in 2006 as a result of the merger between the German Rasmussen Group and the Swedish ABA Group. Since April 2011, NORMA Group is listed on the German stock exchange and included in the MDAX index since March 2013.
End of Corporate News
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| Language: | English |
| Company: | NORMA Group AG |
| Edisonstr. 4 | |
| 63477 Maintal | |
| Germany | |
| Phone: | +49 (0)6181-6102-741 |
| Fax: | +49 (0)6181-6102-7641 |
| E-mail: | [email protected] |
| Internet: | www.normagroup.com |
| ISIN: | DE000A1H8BV3 |
| WKN: | A1H8BV |
| Indices: | MDAX |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart |
| End of News | DGAP News-Service |
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| 211852 21.05.2013 |