MAINTAL, Germany & GUICHEN, France--NORMA Group SE, a global market leader in engineered joining technology, entered into an exclusive agreement to acquire all assets of the Autoline business from Parker’s Fluid Systems Connectors Division, (“Parker Autoline”) on June 23. The terms of the agreement are confidential and will not be disclosed. Completion of the transaction is subject to customary closing conditions, including the Works Councils´ consultation processes in France, and is expected in the second half of 2016.
Parker Autoline has been designing, manufacturing and marketing quick connectors for all types of automotive fluid line applications for over 20 years. These plastic push-to-connect components are used in all vehicle types in fuel lines, cooling lines, vapor lines, braking assistance lines and selective catalytic reduction circuit lines. The connecting products are manufactured at production sites in France, Mexico and China and sold to customers around the world. Expected global sales of Parker Autoline are around 40 million euros in fiscal year 2016 (July 1, 2015–June 30, 2016).
With the acquisition of Parker Autoline, NORMA Group is expanding its product portfolio in the area of quick connectors and strengthening its market position. “These innovative and high-quality Autoline products complement our plastic product range in an ideal way,” said Werner Deggim, CEO of NORMA Group. “In addition, we will be opening up new international markets, particularly in Asia, by acquiring Parker Autoline.”
Parker Autoline has its headquarters in Guichen, France. This business unit is part of the Fluid System Connectors Division of Parker Hannifin Corporation, and formerly a business unit of Legris.
About NORMA Americas
NORMA Americas is an integral part of the NORMA Group, a global market leader in engineered joining technology. NORMA Americas manufactures high quality clamps, connectors and fluid systems that safely link a variety of vital components in vehicles, aircraft, trains and ships as well as in water management. With more than 1,300 employees it operates eight production facilities in North and South America with annual sales of about EUR 395 million. NORMA Americas´ strong brand portfolio includes the brand names ABA®, Breeze®, Clamp-All®, CONNECTORS®, Five Star®, Gemi®, NDS®, NORMA®, R.G.RAY®, and TORCA®. NORMA Americas is headquartered in Auburn Hills, Michigan.
About NORMA Group
NORMA Group is a global market leader in engineered joining technology. The company manufactures a wide range of innovative connecting solutions and water management technology offering more than 35,000 products to customers in 100 countries with around 6,500 employees. NORMA Group helps its customers and business partners to 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 890 million in 2015. NORMA Group operates a global network of 22 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.