NORMA Group has announced that it has signed an agreement to acquire Statek Stanzereitechnik GmbH, a leader in stamping, bending and forming technology for many commonly used metals. The parties have agreed not to disclose the details of the agreement.
Statek, based in Germany, has around 60 employees and supplies well-known German and international customers in the electrical engineering, automotive and reactor technology industries. NORMA Group has conducted business with Statek for many years, buying housings and spring inserts for worm-drive hose clamps.
“We are delighted to have signed this agreement with Statek, adding a reliable business partner to NORMA Group,” said Bernd Kleinhens, Chairman of NORMA Group. “Statek’s technological expertise enables us to systematically expand our value chain while increasing our flexibility in important product areas. This will enable us to further strengthen our market position as a reliable partner for our customers in the future.”
Image courtesy of NORMA Group.