NORMA Group SE - M&A Activity 2016

News Details

Corporate | 1 December 2016 10:06

NORMA Group successfully completes acquisition of Parker Hannifin’s global Autoline business for quick connectors

DGAP-News: NORMA Group SE / Key word(s): Takeover/Mergers & Acquisitions

2016-12-01 / 10:06

The issuer is solely responsible for the content of this announcement.

NORMA Group successfully completes acquisition of Parker Hannifin’s global Autoline business for quick connectors

Maintal, Germany, December 1, 2016 – NORMA Group, a global market leader in engineered joining technology, has successfully completed the acquisition of the Autoline business from Parker Hannifin. Autoline produces quick connectors for the connection of fluid lines in motor vehicles and has more than 200 employees at locations in France, Mexico and China.

“The acquisition of Autoline strengthens our market position with new products in the area of quick connectors and by gaining new customers, including in Asia,” says Werner Deggim, CEO of NORMA Group. “The decades-long experience of Autoline and the expertise in the development and manufacture of joining products fit perfectly with NORMA Group. We look forward to working with our new colleagues.”

The consolidation of Autoline is effective immediately. The business is expected to generate global sales of around EUR 40 million for fiscal year 2017. Autoline has developed, manufactured and marketed plastic quick connectors for more than 20 years. The products connect, among other things, fuel-line systems, tank ventilation, cooling, brake vacuums and SCR (Selective Catalytic Reduction) in all vehicle types. Autoline is headquartered in Guichen, France. The business was part of the Fluid System Connectors Division of Parker Hannifin Corporation and previously a division of Legris.

Additional information on the company is available on www.normagroup.com . Press photos are available from our platform on www.normagroup.com/images .

Contact

NORMA Group SE

Daphne Recker

Group Communications

E-mail: [email protected]

Tel: +49 (0)6181 – 6102 743

About NORMA Group

NORMA Group is a global market leader in engineered joining technology. The company manufactures a wide range of innovative connecting solutions and water management technology offering more than 35,000 products to customers in 100 countries with around 6,500 employees. NORMA Group helps its customers and business partners to 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 890 million in 2015. NORMA Group operates a global network of 22 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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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