German retail giant Norma has agreed to sell its water management business to a US-based company for $1 billion, marking a significant shift in its strategic focus. The deal, announced earlier this week, underscores growing consolidation in the global water management sector as companies realign their portfolios amid evolving market demands. The transaction, covered extensively by Yahoo Finance, is expected to close later this year, pending regulatory approvals.
Germany’s Norma Divests Water Management Unit in Strategic $1 Billion Deal
Germany’s Norma Group has agreed to sell its water management division to a leading U.S. industrial conglomerate in a strategic transaction valued at approximately $1 billion. The deal marks a significant shift in Norma’s business focus, allowing the company to concentrate on its core industrial components operations. The water management unit, known for its innovative solutions in fluid handling and environmental technologies, has been a key…
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Author : Miles Cooper
Publish date : 2025-09-23 21:09:00
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