NORMA Group Embarks on Divestment of Water Management Sector

Mantial, Germany, November 28, 2024 – NORMA Group has announced the initiation of the divestment process for its Water Management business. This move arises from a strategic decision by the company's Management Board to concentrate more intensively on its core sectors, primarily joining technology.

NORMA Group plans to channel resources into its remaining business units—Industry Applications and Mobility & New Energy. These units are expected to yield high potential for profitable growth, both organically and through acquisitions. The company aims to enhance its position by offering mission-critical joining technology solutions.

In 2023, the Water Management segment accounted for approximately EUR 300 million of NORMA’s EUR 1.2 billion total sales, employing around 1,500 staff globally. The company aims to continue delivering customer value through innovative solutions while adhering to its growth strategy under the 'Step Up' program initiated in 2023.