NORMA Group SE - M&A Activity 2016

News Details

Corporate | 24 June 2016 07:16

NORMA Group SE enters an exclusive agreement to acquire the global Autoline quick connectors business from Parker

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

2016-06-24 / 07:16

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

NORMA Group SE enters an exclusive agreement to acquire the global Autoline quick connectors business from Parker

Maintal, Germany/Guichen, France, 24 June 2016 – NORMA Group SE, a global market leader in engineered joining technology, entered into an exclusive agreement to acquire all assets of the Autoline business from Parker’s Fluid Systems Connectors Division, (“Parker Autoline”) on 23 June 2016. The terms of the agreement are confidential and will not be disclosed. Completion of the transaction is subject to customary closing conditions, including the Works Councils’ consultation processes in France, and is expected in the second half of 2016.

Parker Autoline has been designing, manufacturing and marketing quick connectors for all types of automotive fluid line applications for over 20 years. These plastic push-to-connect components are used in all vehicle types in fuel lines, cooling lines, vapor lines, braking assistance lines and SCR (Selective Catalytic Reduction) circuit lines. The connecting products are manufactured at production sites in France, Mexico and China and sold to customers around the world. Expected global sales of Parker Autoline are around EUR 40 million in fiscal year 2016 (1 July 2015-30 June 2016).

With the acquisition of Parker Autoline, NORMA Group is expanding its product portfolio in the area of quick connectors and strengthening its market position. “These innovative and high-quality Autoline products complement our plastic product range in an ideal way,” said Werner Deggim, CEO of NORMA Group. “In addition, we will be opening up new international markets, particularly in Asia, by acquiring Parker Autoline.”

Parker Autoline has its headquarters in Guichen, France. This business unit is part of the Fluid System Connectors Division of Parker Hannifin Corporation, and formerly a business unit 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.

2016-06-24 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

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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, Munich, Stuttgart; Terminbörse EUREX