NORMA Group is to acquire Statek Stanzereitechnik GmbH (“Statek”).
NORMA Group is Statek’s largest customer, accounting for around 70% of sales, buying housings and spring inserts for worm-drive hose clamps (pictured) from the company.
Statek’s experience and production expertise is in stamping, bending and forming technology for almost all commonly used metals. Formed in 1980 by Dieter Anton in Maintal, Statek produces contact and stamped parts, housings, wave springs and other products.
Generating sales of around €17.2 million in fiscal year 2017, Statek has around 60 employees and supplies well-known German and international customers in the electrical engineering, automotive and reactor technology industries.
“We are delighted to have signed this agreement with Statek, adding a reliable business partner to NORMA Group,” said Bernd Kleinhens, Chairman of NORMA Group. “Statek’s technological expertise enables us to systematically expand our value chain while increasing our flexibility in important product areas. This will enable us to further strengthen our market position as a reliable partner for our customers in the future.”
Acquisitions are part of NORMA’s long-term growth strategy, with an aim to diversify business activities and strengthen growth. Since its IPO in 2011, NORMA Group has acquired a total of thirteen companies and integrated them into the Group.