Strategic focusing: NORMA Group initiates divestment process for Water Management business

EQS-Media / 28.11.2024 / 18:45 CET/CEST

Strategic focusing: NORMA Group initiates divestment process for Water Management business

Maintal, Germany, November 28, 2024 – NORMA Group intends to focus even more strongly on its core business as a market leader for joining technology. The Management Board decided to initiate a divestment process for the global business activities of the strategic business unit Water Management.

This step is the result of an in-depth review by the Management Board regarding the further strategic direction of the company. The aim is to strengthen the market position of the remaining business units Industry Applications and Mobility & New Energy.

CEO Guido Grandi: “In a persistently difficult market environment, we have reviewed our portfolio and are exploring divestment options for the global Water Management business. In the future, we will concentrate even more strongly on our inherent core business areas: mission-critical joining technology for mobility, infrastructure, machinery and other industrial applications. We see high potential for profitable growth, especially in the area of Industry Applications, both organically and through acquisitions.”

The divestment of the water business will allow NORMA Group to free up resources and capacities for further growth in the business units Industry Applications and Mobility & New Energy. These business units have many synergies, including similar or identical product groups that can be manufactured in the same plants. Respective products are metal clamps, pipe couplings, plastic quick connectors, fluid-transport systems and other joining elements.

Guido Grandi: “Our long-term objective remains unchanged: We want to offer our customers added value with innovative joining technology and achieve sustainable profitable growth. The process we have now initiated is in line with our ‘Step Up’ program launched in 2023, as we will continue to consistently pursue the expansion of the industrial business.”

NORMA Group was founded in 2006 as a merger of two European companies for joining technology. Since 2012, the company has been developing business with water management products through several company acquisitions. In the strategic business unit Water Management, around 1,500 employees worldwide generated sales of around EUR 300 million in the fiscal year 2023, which corresponds to around a quarter of Group sales of around EUR 1.2 billion.

NORMA Group will now initiate the divestment process. The duration and outcome of this process are open at this time.

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

Press Contact

Lina Bosbach

Director Group Communications

E-Mail: Lina.Bosbach@normagroup.com

Tel.: +49 (0)6181 – 6102 7606

Jennifer Oborny

Group Communications Manager

Email: Jennifer.Oborny@normagroup.com

Phone: +49 (0)6181 – 6102 7604

Investor Contact

Sebastian Lehmann

Vice President Investor Relations & Corporate Social Responsibility

E-Mail: Sebastian.Lehmann@normagroup.com

Tel.: +49 152 34601581

About NORMA Group
NORMA Group is an international market leader in engineered and standardized joining and fluid-handling technology. With around 7,700 employees, NORMA Group supplies customers in over 100 countries with more than 40,000 product solutions. NORMA Group supports its customers and business partners in responding to global challenges such as climate change and the increasing scarcity of resources. NORMA Group’s products help reduce emissions harmful to the climate and use water more efficiently. Its innovative joining solutions are used in water supply, irrigation and drainage systems, vehicles with conventional and alternative drive systems, ships and aircraft, as well as buildings. NORMA Group generated sales of around EUR 1.2 billion in 2023. The company has a global network of 25 production sites and numerous sales offices in Europe, North, Central and South America and the Asia-Pacific region. Its headquarters are located in Maintal near Frankfurt/Main. NORMA Group SE is listed on the Frankfurt Stock Exchange in the regulated market (Prime Standard) and is a member of the SDAX.

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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:

ir@normagroup.com

Internet:

www.normagroup.com

ISIN:

DE000A1H8BV3

WKN:

A1H8BV

Indices:

SDAX

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

2040763

End of News

EQS Media

2040763 28.11.2024 CET/CEST