NORMA : successfully closes acquisition of Statek

DGAP-News: NORMA Group SE / Key word(s): Takeover NORMA Group successfully closes acquisition of Statek 07.08.2018 / 08:57 The issuer is solely responsible for the content of this announcement. NORMA Group successfully closes acquisition of Statek Value chain expanded in the area of metal processing Sales contribution of EUR 2.5 million expected in 2018 Maintal, Germany, August 7, 2018 - NORMA Group has successfully closed the acquisition of the supplier Statek Stanzereitechnik GmbH ("Statek") following approval by the antitrust authorities. NORMA Group expects the acquisition to make an additional contribution to sales growth of around EUR 2.5 million for fiscal year 2018. The acquisition was financed exclusively through existing longterm bank loans without the issuance of equity. The consolidation is effective since August 1, 2018. "Statek's expertise in stamping and forming technology will enable us to increase the supply reliability of our metal product components and further expand our market share in the field," says Bernd Kleinhens, Chairman of the Management Board of NORMA Group. NORMA Group signed an agreement on June 5, 2018, to acquire 100 percent of the shares in Statek. Statek has been supplying NORMA Group with housings and tension springs for worm-drive hose clamps for many years. In 2017, Statek achieved sales of around EUR 17.2 million of which 70 percent were generated with its largest customer NORMA Group. Statek supplies other customers in Germany and internationally in the electrical engineering, automotive and reactor technology sectors. Founded in 1980, the company is based in Maintal and employs around 60 people. Targeted acquisitions contribute to diversifying business activities and strengthening the growth of NORMA Group. Acquisitions are therefore an integral part of the long-term growth strategy. The Group has acquired a total of 14 companies since its IPO in 2011. Additional information on the company is available on www.normagroup.com. Press photos are available from our platform on www.normagroup.com/images. Contact NORMA Group SE Susanne Kindor Marrier d'Unienville ? Group Communications Email: [e-mail] Tel.: [phone] About NORMA Group NORMA Group is an international market and technology leader in engineered joining technology (joining, connecting 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 8,300 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 28 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. 07.08.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	NORMA Group SE
	Edisonstr. 4
	63477 Maintal
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.normagroup.com
ISIN:	DE000A1H8BV3
WKN:	A1H8BV
Indices:	MDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

End of News	DGAP News Service

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