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NORMA Group SE — M&A Activity 2013
Jan 14, 2013
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M&A Activity
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Corporate | 14 January 2013 09:16
NORMA Group acquires distribution business of Davydick in Australia
NORMA Group AG / Key word(s): Acquisition/Mergers & Acquisitions
14.01.2013 / 09:16
NORMA Group acquires distribution business of Davydick in Australia
Maintal, Germany, 14 January, 2013 – NORMA Group, an international market and technology leader for engineered joining technology, signed an agreement on 10 January, 2013 to acquire the distribution business of Davydick & Co. Pty Limited ('Davydick') in Australia. The parties agreed to maintain confidentiality on the transaction details.
Davydick based in Goulburn, approximately 150 km southwest of Sydney, is a distributor for various elements in the transportation of water in irrigation systems for more than 20 years. The company is specialised in supplying a comprehensive range of rural irrigation fittings, valves, and pumps under its brand name PUMPMASTER to around 700 customers throughout Australia in the agricultural, hardware and plumbing markets. Davydick maintains branches in Melbourne, Adelaide and Brisbane. In the past fiscal year, the company generated overall sales of around EUR 4 million.
With the acquisition of the distribution business of Davydick NORMA Group builds on its water platform and complements its product range in the infrastructure business area. The company expands its distribution network with a focus on agriculture and irrigation. NORMA Group has already been present in Australia since 1992.
'We are pleased to grow our existing distribution network in Australia with the acquisition of Davydick. Furthermore, we step into the markets for pumps,' says Werner Deggim, CEO of NORMA Group. 'The service range of Davydick ideally complements our recent acquisition of Chien Jin Plastic, a Malaysian manufacturer of pipe compression fittings and components for the irrigation, agriculture and water distribution markets.'
Additional information on the company is available on www.normagroup.com . To download press pictures, please visit www.normagroup.com/press pictures .
Contact
NORMA Group AG
Daphne Recker
Media Relations
E-mail: [email protected]
Phone: +49 (0)6181 – 610 2743
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 about 35,000 high-quality products and solutions to approximately 10,000 customers in 90 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 580 million in 2011. 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 SDAX index since June 2011.
End of Corporate News
14.01.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
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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: | SDAX |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart |
| End of News | DGAP News-Service |
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| 198923 14.01.2013 |