Acquisition
Norma takes over Statek Stamping Technology
The Norma Group has successfully completed the acquisition of the supplier Statek Stanzereitechnik following approval by the antitrust authorities. The acquisition is expected to make an additional contribution to sales growth of around EUR 2.5 million in the 2018 financial year. The acquisition was financed exclusively with long-term funds from existing bank loans without raising equity. Consolidation took place on August 1, 2018.
"With Statek's expertise in stamping and forming technology, we can increase the security of supply of components for our metal products and further expand our market share in this area," says Bernd Kleinhens, CEO of the Norma Group.
The company signed an agreement to acquire 100 percent of the shares in Statek on June 5, 2018. Statek had already been supplying Norma with housings and corrugated springs for worm drive clamps for many years. In 2017, Statek achieved a turnover of around 17.2 million euros, of which around 70 percent was generated with Norma as its largest customer. 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.
Company acquisitions are an integral part of Norma's long-term growth strategy. Since the IPO in 2011, the Group has now acquired a total of 14 companies.
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