PRESS RELEASE
from NORMA Group AG (isin : DE000A1H8BV3)
EQS-Adhoc: NORMA Group SE: NORMA Group SE decides to initiate divestment of global Water Management activities
EQS-Ad-hoc: NORMA Group SE / Key word(s): Strategic Company Decision
NORMA Group SE: NORMA Group SE decides to initiate divestment of global Water Management activities
28-Nov-2024 / 18:42 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Maintal, November 28, 2024 The Management Board of NORMA Group SE decided today to initiate a divestment process for the global business activities of the strategic business unit Water Management.
This step followed an analysis and consideration of alternative options by the NORMA Group SE Management Board with regard to the further strategic alignment of the Group.
The aim of this strategic step is to concentrate business activities on the synergetic core industrial business. The divestment of the global Water Management activities is intended to release resources and capacities in order to expand the market position in the strategic business unit Industry Applications as well as to strengthen the Mobility & New Energy business unit.
The outcome and result of the divestment process to be initiated is currently open and may be influenced by external factors.
Contact:
Sebastian Lehmann
Vice President Investor Relations & CSR
E-mail: Sebastian.Lehmann@normagroup.com
Phone: +49 (0)6181 – 6102 741
This step followed an analysis and consideration of alternative options by the NORMA Group SE Management Board with regard to the further strategic alignment of the Group.
The aim of this strategic step is to concentrate business activities on the synergetic core industrial business. The divestment of the global Water Management activities is intended to release resources and capacities in order to expand the market position in the strategic business unit Industry Applications as well as to strengthen the Mobility & New Energy business unit.
The outcome and result of the divestment process to be initiated is currently open and may be influenced by external factors.
Contact:
Sebastian Lehmann
Vice President Investor Relations & CSR
E-mail: Sebastian.Lehmann@normagroup.com
Phone: +49 (0)6181 – 6102 741
End of Inside Information
28-Nov-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | NORMA Group SE |
| Edisonstr. 4 | |
| 63477 Maintal | |
| Germany | |
| Phone: | +49 6181 6102 741 |
| Fax: | +49 6181 6102 7641 |
| E-mail: | ir@normagroup.com |
| Internet: | www.normagroup.com |
| ISIN: | DE000A1H8BV3 |
| WKN: | A1H8BV |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2040769 |
| End of Announcement | EQS News Service |
2040769 28-Nov-2024 CET/CEST