DGAP-News: NORMA Group acquires distribution business of Davydick in Australia
(firmenpresse) - DGAP-News: NORMA Group AG / Key word(s): Acquisition/Mergers&Acquisitions
NORMA Group acquires distribution business of Davydick in Australia
14.01.2013 / 09:16
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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: daphne.recker(at)normagroup.com
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
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14.01.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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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: ir(at)normagroup.com
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
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Datum: 14.01.2013 - 09:16 Uhr
Sprache: Deutsch
News-ID 218981
Anzahl Zeichen: 6000
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Kategorie:
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