MAINTAL, Germany, Dec. 1, 2016 /PRNewswire/ -- The NORMA Group, a global market leader in engineered joining technology, has completed its acquisition of Parker Hannifin Corporation's Autoline business.
Autoline produces fluid-line quick connectors for motor vehicles with more than 200 employees at locations in France, Mexico and China.
"The acquisition of Autoline strengthens our market position with new products in the area of quick connectors and by gaining new customers, including in Asia,'' said Werner Deggim, CEO of NORMA Group. "Autoline's decades-long experience and expertise in the development and manufacturing of joining products fit perfectly with NORMA Group. We look forward to working with our new colleagues."
The consolidation of Autoline is effective immediately. The business is expected to generate global sales of around EUR 40 million for fiscal year 2017. Autoline has developed, manufactured and marketed plastic quick connectors for more than 20 years. The products connect, among other things, fuel-line systems, tank ventilation, cooling, brake vacuums and SCR (Selective Catalytic Reduction) in all vehicle types.
Autoline is headquartered in Guichen, France. The business was part of the Fluid System Connectors Division of Parker Hannifin Corporation and previously a division of Legris.
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 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 systems 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 the Asia-Pacific region. 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.
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SOURCE NORMA Group