DGAP-News: NORMA Group acquires Guyco in Australia
(firmenpresse) - DGAP-News: NORMA Group AG / Key word(s): Acquisition/Mergers&Acquisitions
NORMA Group acquires Guyco in Australia
20.06.2013 / 08:59
---------------------------------------------------------------------
NORMA Group acquires Guyco in Australia
Maintal, Germany, 20 June, 2013 - NORMA Group, an international market and
technology leader for engineered joining technology, signed an agreement on
20 June, 2013 to acquire 100% of the shares in the Australian business
Guyco Pty Limited ('Guyco'). The parties agreed to maintain confidentiality
on the transaction details. Closing of the transaction is expected to take
place in July 2013.
Guyco, headquartered in Adelaide, commenced business in 1994 as a
distributor to the agricultural market. Today the company specialises in
the design, manufacture and distribution of fittings and valves for
freshwater distribution, irrigation, agricultural, plumbing and industrial
market sectors. Guyco supplies over 700 customers in Australia and New
Zealand through its warehouses in South Australia, Western Australia and
Queensland. It employs 32 employees and generated sales of around EUR 7
million in 2012.
'We are pleased with the acquisition of Guyco,' says Werner Deggim, CEO of
NORMA Group. 'The service range of Guyco ideally complements our recent
acquisitions of Chien Jin Plastic, a Malaysian manufacturer of pipe
compression fittings and components for the irrigation, agriculture and
water distribution markets, and Davydick, an Australian distributor of
rural irrigation fittings, valves, and pumps for the agricultural, hardware
and plumbing markets.' It is a valuable enhancement to the company's
product portfolio and strengthens NORMA Group's presence in the
Asia-Pacific region.
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 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
---------------------------------------------------------------------
20.06.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's 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 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
---------------------------------------------------------------------
217302 20.06.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 20.06.2013 - 08:59 Uhr
Sprache: Deutsch
News-ID 271551
Anzahl Zeichen: 4020
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 357 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: NORMA Group acquires Guyco in Australia"
steht unter der journalistisch-redaktionellen Verantwortung von
NORMA Group AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
