DGAP-News: NORMA Group acquires joining technology distribution business from Variant in Poland
(firmenpresse) - DGAP-News: NORMA Group AG / Key word(s): Acquisition/Mergers&Acquisitions
NORMA Group acquires joining technology distribution business from
Variant in Poland (with additional features)
21.05.2013 / 09:25
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NORMA Group acquires joining technology distribution business from Variant
in Poland
Maintal, Germany, 21 May 2013 - NORMA Group, a global market and technology
leader for engineered joining technology, signed a purchase agreement on 17
May, 2013 to acquire the distribution business for joining technology of
Variant SA ('Variant') in Poland. The parties agreed to maintain
confidentiality on the transaction details. The transaction is expected to
be closed soon.
The Krakow, Poland-based Variant sells joining products and cable ties, and
has been a distribution partner of NORMA Group for more than 20 years. The
products are sold to over 1,000 retailers and wholesalers across Poland.
End clients include home improvement stores, garages and specialist
retailers for automotive supplies. In financial year 2012, Variant's
joining technology business generated revenues of around EUR 5 million. It
will be consolidated as part of NORMA Group effective immediately.
By taking over Variant's joining technology business, NORMA Group is
strengthening its market position in the Eastern European region and
expanding its cable tie offering. NORMA Group has been in Poland since 1989
and has been operating a production facility in Pilica since 2000. A new
distribution centre has been established in Moscow, Russia last year.
'We will gain an experienced distribution team in Poland and look forward
to expanding both our product offering in cable ties and our client base in
Eastern Europe,' says Werner Deggim, CEO of NORMA Group. 'We intend to
leverage Variant's long-standing expertise to further build our
distribution activities across Eastern Europe. This will enable us to
service our clients in this European high-growth region even better.'
Additional information on the company is available on www.normagroup.com.
Press photos are available from our platform on
www.normagroup.com/presspictures.
Contact
NORMA Group AG
Daphne Recker
Media Relations
E-Mail: daphne.recker(at)normagroup.com
Tel.: +49 (0)6181 - 6102 743
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 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. NORMA Group generated sales of
around EUR 605 million in 2012. 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 MDAX
index since March 2013.
End of Corporate News
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21.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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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: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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211852 21.05.2013
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Datum: 21.05.2013 - 09:25 Uhr
Sprache: Deutsch
News-ID 261768
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Kategorie:
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