DGAP-News: NORMA Group to acquire a supplier in the area of metal processing

NORMA Group to acquire a supplier in the area of metal processing
 

• Expansion of the value chain for stamping and forming technology

Maintal, Germany, June 6, 2018 - NORMA Group signed an agreement to acquire Statek Stanzereitechnik GmbH ("Statek") on June 5, 2018. Statek has many years of experience and a high level of production expertise in stamping, bending and forming technology for almost all commonly used metals. The parties have agreed not to disclose the details of the agreement. Completion is expected after antitrust approval in mid-2018.

The company based in Maintal was founded by Dieter Anton in 1980 and produces contact and stamped parts, housings, wave springs and other products. Statek has around 60 employees and supplies well-known German and international customers in the electrical engineering, automotive and reactor technology industries. NORMA Group has conducted business with Statek for many years, buying housings and spring inserts for worm-drive hose clamps from the medium-sized company. Statek generated sales of around EUR 17.2 million in fiscal year 2017, around 70 percent of which came from NORMA Group, its largest customer.

"We are delighted to have signed this agreement with Statek, adding a reliable business partner to NORMA Group," said Bernd Kleinhens, Chairman of NORMA Group. "Statek's technological expertise enables us to systematically expand our value chain while increasing our flexibility in important product areas. This will enable us to further strengthen our market position as a reliable partner for our customers in the future."

Targeted acquisitions contribute to diversifying business activities and strengthen the growth of NORMA Group. Acquisitions are therefore an integral part of its long-term growth strategy. Since its IPO in 2011, NORMA Group has acquired a total of thirteen companies and integrated them into the Group.

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

Press Contact
NORMA Group SE
Susanne Kindor Marrier d'Unienville
Group Communications
e-mail: susanne.kindor@normagroup.com
Phone: +49 (0)6181 - 6102 7607

About NORMA Group
NORMA Group is a global market leader in engineered and standardized joining technology (joining, fastening and fluid handling technology). The company manufactures a wide range of innovative connecting solutions and water management technology offering more than 40,000 products to customers in 100 countries with around 8,100 employees. NORMA Group helps its customers and business partners 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 1.02 billion in 2017. NORMA Group operates a global network of 27 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.