Gleiss Lutz has advised NORMA Group SE on the sale of its Water Management business unit to Advanced Drainage Systems, Inc. The enterprise value of the transaction is 1 billion US dollars. The transaction is subject to customary regulatory approvals and is expected to close in the first quarter of 2026.
The Water Management business unit employs around 1,100 people at six production sites in the USA, Mexico, India, Malaysia and Italy as well as at additional sales and distribution locations. It develops, produces and markets irrigation systems, rainwater management products and connection components for water infrastructure.
NORMA Group is an international market leader in engineered and standardized joining and fluid-handling technology. With around 7,600 employees, NORMA Group supplies customers in over 100 countries with more than 40,000 product solutions. NORMA Group SE is listed on the Frankfurt Stock Exchange.
Advanced Drainage Systems, Inc. is a leading manufacturer of innovative stormwater and onsite wastewater solutions headquartered in Hilliard, Ohio, United States, and is listed on the New York Stock Exchange.
The following Gleiss Lutz team led by Dr. Ralf Morshäuser (partner) and Dr. Melina Grauschopf (both M&A, both Munich) has advised NORMA Group:
Dr. Markus Martin (counsel), Nils Kraus (both Stuttgart), Dr. Philipp Pordzik (Frankfurt), Josefine Wiegand (Berlin), Dr. Christian Cascante (partner, all M&A), Prof. Dr. Michael Arnold (partner, Corporate, both Stuttgart), Dr. Moritz Holm-Hadulla (partner, Munich), Dr. Laura Roßmann (counsel, Stuttgart), Dr. Iris Benedikt-Buckenleib (counsel), Dr. Antonia Hagedorn (all Competition/Antitrust, both Munich), Dr. Matthias Werner (partner), Dr. Felizitas Casper (both IP/Tech, both Munich), Dr. Stefan Mayer (partner), Dr. Ocka Stumm (partner), Dr. Dominik Monz (all Tax, all Frankfurt), Dr. Steffen Krieger (partner, Employment, Düsseldorf), Dr. Katja Lehr (counsel, Banking & Finance, Frankfurt), Dr. Nikolai Unmuth (Corporate, Stuttgart), Aylin Hoffs (counsel, Foreign Investment Control, Düsseldorf).
Gleiss Lutz is advising NORMA Group SE as lead counsel on the transaction together with Fenwick & West (USA), AZB & Partners (India), Rahmat Lim & Partners (Malaysia), Chiomenti (Italy) und Cuatrecasas (Mexico).
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