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NORMA Group SE — M&A Activity 2014
Oct 8, 2014
311_rns_2014-10-08_bd50ada3-61ac-48fd-8799-b4d8a833426f.html
M&A Activity
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News Details
Ad-hoc | 8 October 2014 15:06
NORMA Group SE: NORMA Group SE to acquire National Diversified Sales, Inc., based in Woodland Hills, California
NORMA Group SE / Key word(s): Acquisition
08.10.2014 15:06
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP Ad hoc: NORMA Group SE: NORMA Group SE to acquire National Diversified
Sales, Inc., based in Woodland Hills, California
NORMA Group SE / Key words: Acquisitions
08 October 2014
Release of an Ad hoc announcement according to § 15 WpHG (German Securities
Trading Act)
Maintal, 08 October 2014 - NORMA Group SE (ISIN DE 000A1H8BV3 / WKN
A1H8BV,'NORMA Group') will be acquiring all shares in National Diversified
Sales,Inc., Woodland Hills, California, USA ("NDS") in accordance with a
purchase agreement that was concluded today. NDS is one of the leading US
suppliers of stormwater management, landscape irrigation and connecting
flow management components for water infrastructure. The product portfolio
comprises amongst others drainage products including valve boxes, catch
basins, channel drains and subsurface drains, as well as automated drip
irrigation systems and connecting fittings and valves.
Following the acquisitions that NORMA Group has made in Malaysia and
Australia since 2012, the purchase of NDS represents another important step
toward expanding its global position in the area of water management. NDS
achieved sales of about USD 127.6 million in 2013 and has more than 500
employees. Through this acquisition, NORMA Group will be expanding its
product portfolio and addressing new markets and customer segments in the
area of water management in the US.
The purchase price will be USD 285 million (based on the current exchange
rate approximately EUR 226 million) and be paid in cash on a cash and
debt-free basis on the transaction date. Two banks will be providing bridge
loans for the purchase of NDS.
This acquisition is subject to the approval of the relevant anti-trust
authorities and expected to be completed before the end of the year.
Contact
Andreas Trösch
Investor Relations
NORMA Group SE, Edisonstr. 4, 63477 Maintal, Germany
e-mail: [email protected]
Phone: +49 (0)6181 - 6102 741
Language: German
Company: NORMA Group SE
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
Stock exchanges: Regulated Market in Frankfurt (Prime Standard); OTC in
Berlin, Düsseldorf, Munich, Stuttgart
[End of the Ad hoc announcement]
About NORMA Group
NORMA Group is an international market and technology leader in engineered
joining technology. The company manufactures a wide range of innovative
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. The company generated sales of
around EUR 636 million in 2013. With around 5,000 employees, NORMA Group
operates a global network of 21 production facilities as well as numerous
sales and distribution sites across Europe, the Americas, and Asia-Pacific.
Since April 2011, NORMA Group has been listed on the German stock exchange
and included in the MDAX index since March 2013.
Contact:
Andreas Trösch
Email: [email protected]
Tel.: +49 (0)6181 - 6102 741
08.10.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: NORMA Group SE
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 Announcement DGAP News-Service