NORMA Group AG: NORMA Group AG acquires Connectors Verbindungstechnik AG, Tagelswangen, Switzerland


NORMA Group AG  / Key word(s): Acquisition

19.04.2012 12:50

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NORMA Group AG acquires Connectors Verbindungstechnik AG, Tagelswangen, Switzerland

Maintal, 19 April 2012 - Today Norma Group AG ('Norma Group'), through NORMA Beteiligungs GmbH, an affiliate of NORMA Group, acquired all shares of Connectors Verbindungstechnik, AG, Tagelswangen, Switzerland from the former owner family.

Connectors Verbindungstechnik AG produces and distributes connecting elements, including products for sterile use in the pharmaceutical and biotech industries. The Company's net sales were recorded in the previous financial year with approximately 14 million Euros.
By acquiring Connectors Verbindungstechnik AG Norma Group's expands its product portfolio with sterile techniques products.
The purchase price will be paid in cash from NORMA Group's balance sheet and partly by utilizing NORMA Group's existing credit facility. Further details regarding the transaction will be kept confidential pursuant to the terms of a confidentiality agreement.

Contact

Andreas Trösch
Investor Relations
E-Mail: andreas.troesch@normagroup.com
Tel: +49 (0)6181 - 6102 741 




Information and Explaination of the Issuer to this News:
NORMA Group AG ('NORMA Group'), a global market and technology leader for engineered joining technology, acquired Connectors Verbindungstechnik AG ('Connectors') effective 19 April 2012. The parties agreed to maintain confidentiality on the details of the transaction.
Connectors, based in Tagelswangen, Switzerland, specialises on connector systems for the pharmaceutical and biotechnology industry. For more than 25 years, the company has been manufacturing and distributing connector elements that meet the highest purity standards for medical sterile technology. The product range includes clamps, valves, tubes and joining solutions for the transport of fluids and gases in medical applications. In addition, Connectors also offers its customers consultancy and planning services for pharmaceutical process plants. The company generated sales of around EUR 14 million in the financial year 2011. It will be consolidated as part of NORMA Group with immediate effect.

Werner Deggim, CEO of NORMA Group, says: 'With the acquisition of this provider of specialised joining technology for medical engineering NORMA Group will get better access to customers in the pharmaceutical and biotechnology sectors. We will make use of the expertise of Connectors to extend our product portfolio and will improve our global leadership in joining technology even further.'

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 35,000 high-quality products and solutions to approximately 10,000 customers in 90 countries. NORMA Group joining products can be found in vehicles, ships, trains, aircraft, domestic appliances, engines and plumbing systems. NORMA Group generated sales of around EUR 580 million in 2011. With around 4,400 employees, NORMA Group operates a global network of 17 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. NORMA Group is listed on the German stock exchange since April 2011, and included in the SDAX index since June 2011.

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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@normagroup.com
Internet:     www.normagroup.com
ISIN:         DE000A1H8BV3
WKN:          A1H8BV
Indices:      SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart  
End of Announcement DGAP News-Service