NTS and Norma have signed an agreement for Norma to become part of the NTS-Group. With this acquisition NTS becomes a group of high-tech industry suppliers with globally 1,500 employees and an annual revenues of over 210 million Euros. Norma will continue to operate under its current name. Norma CEO, Frank Biemans, will report directly to the Board of Directors of NTS.
Marc Hendrikse, CEO of the NTS comments: "Norma's core competences in the area of precision machining perfectly complement those of NTS. What's more, the companies' cultures are a great fit. All in all, together with Norma, we represent a powerful and ambitious first-tier supplier to high-tech industry machine builders, whom we are able to serve optimally thanks to our scope, international position and complete portfolio of knowledge and expertise. The acquisition of Norma perfectly fits our growth strategy to support our customers on a higher level by developing, producing and assembling systems, modules and components."
As a high-tech supplier of mechatronic systems, Norma (400 employees) has a wealth of knowledge and experience in precision machining and the assembly of ultra precise modules. Norma also boasts key knowledge in the field of value engineering. The company operates out of three sites: Hengelo, Drachten and Doetinchem (NL). Norma CEO Frank Biemans, comments: "Joining forces with NTS - in regard to both production and engineering - will enable us to meet the needs of a great number of customers. These customers are looking to do business with larger suppliers, capable of a higher level of support and taking on bigger projects."
Stan Oude Mulders, Norma majority shareholder: "We view this step as a logical extension of our successful strategy of previous years. We know NTS very well and have already worked intensively together. Our businesses are a good fit, there is obvious synergy. We are pleased to be a part of this family-owned company."
The transaction is expected to close in the third quarter of 2016, subject to fulfilment of customary conditions including where applicable completion of the concentration notification with the competition authorities.