TPi July 2018

Business & market news

Norma Group to acquire water management company in India

Customers include export companies, water supply boards, gas distribution companies in India and abroad, micro- irrigation companies, and building and construction businesses. The company also distributes plastic pipes and imported fittings, as well as electro-fusion welding machines and tools. It markets its products mainly to customers in India. Norma Group has been expanding into the water management business since 2012 by making select acquisitions in Malaysia, Australia and the USA. The company started operations in India in 2008 with a plant in Pune, approximately 200 km south of Nashik. Norma Group SE – Germany www.normagroup.com

drippers, valves, filters and electro- fusion parts such as tapping tees and saddles for gas and water pipes. Bernd Kleinhens, chairman of the management board of Norma Group, commented, “We are expanding our expertise in water management solutions in the fast-growing Indian market by adding Kimplas’s leading products to our portfolio. “Kimplas’s expertise will help us to drive, for instance, the usage of efficient irrigation solutions in markets that are particularly threatened by water shortage.” Kimplas’s certified products ensure safe and leak-free supply of drinking water and gas to rural and urban households, and provide filtered water for micro-irrigation systems.

To expand its market position in the water management business, Norma Group has signed an agreement to acquire Kimplas Piping Systems Ltd, an Indian manufacturer of joining technology made of thermoplastic materials. The parties agreed on Norma Group purchasing 100 per cent of the shares in Kimplas, and that they would maintain confidentiality with respect to the other transaction details. The transaction is expected to close by mid-2018. Kimplas is headquartered in Nashik in the West Indian state of Maharashtra, and has been developing and manufacturing injection-moulded parts, among other products, since 1996. Its product portfolio includes compression fittings, sprinklers,

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July 2018 TUBE PRODUCTS INTERNATIONAL