NORMA Group Receives Binding Bids for Water Division, Negotiations Underway
ByAinvest
Thursday, Sep 18, 2025 9:36 pm ET1min read
WMS--
The Hilliard, Ohio-based ADS submitted a binding bid before last week’s deadline, and an agreement could potentially be finalized in the coming days, said sources familiar with the matter [2]. No final decisions have been made, and other bidders could still emerge in the process.
Norma Group, based in the outskirts of Frankfurt, has customers in 100 countries with about 7,800 employees. It anticipates sales of around €1.1 billion to €1.2 billion this year. The company was created from the 2006 merger of Sweden’s ABA Group and Germany’s Rasmussen GmbH. Activist investor Teleios Capital is the firm’s biggest shareholder with a stake of close to 21% [1].
In November 2024, Norma announced a sale process for the water management business, stating it wants to focus on its core industrial business. The news sent the firm’s shares up by as much as 23% the following trading day as analysts said the divestment could trigger a re-rating. The company plans to reinvest parts of the proceeds into targeted M&A transactions for its industry applications unit [1].
ADS, which provides stormwater and onsite wastewater management, is also one of the largest plastic recycling companies in North America. The company has a market value of almost $11 billion [1].
The potential acquisition by ADS would expand the company's operations in Europe and could provide additional synergies in the water management sector. However, the final outcome of the negotiations remains uncertain, and other bidders could still emerge. The company will publish the details once the negotiations are finalized and an agreement is reached [3].
NORMA Group has received binding bids for its Water Management Business and is in advanced negotiations with a select group of bidders. The company has not disclosed further details, but Bloomberg reports that Advanced Drainage Systems Inc. is in talks to acquire the unit in a deal valued at approximately €850 million or $1 billion. A formal agreement could be reached in the coming days.
Norma Group SE, a German automotive and industrial supplier, has received binding bids for its water management business, according to recent reports. The company has not disclosed further details, but Bloomberg reports that Advanced Drainage Systems Inc. (ADS) is in advanced talks to acquire the unit in a deal valued at approximately €850 million or $1 billion [1].The Hilliard, Ohio-based ADS submitted a binding bid before last week’s deadline, and an agreement could potentially be finalized in the coming days, said sources familiar with the matter [2]. No final decisions have been made, and other bidders could still emerge in the process.
Norma Group, based in the outskirts of Frankfurt, has customers in 100 countries with about 7,800 employees. It anticipates sales of around €1.1 billion to €1.2 billion this year. The company was created from the 2006 merger of Sweden’s ABA Group and Germany’s Rasmussen GmbH. Activist investor Teleios Capital is the firm’s biggest shareholder with a stake of close to 21% [1].
In November 2024, Norma announced a sale process for the water management business, stating it wants to focus on its core industrial business. The news sent the firm’s shares up by as much as 23% the following trading day as analysts said the divestment could trigger a re-rating. The company plans to reinvest parts of the proceeds into targeted M&A transactions for its industry applications unit [1].
ADS, which provides stormwater and onsite wastewater management, is also one of the largest plastic recycling companies in North America. The company has a market value of almost $11 billion [1].
The potential acquisition by ADS would expand the company's operations in Europe and could provide additional synergies in the water management sector. However, the final outcome of the negotiations remains uncertain, and other bidders could still emerge. The company will publish the details once the negotiations are finalized and an agreement is reached [3].
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