Fastener Shanghai
fastener
fastenerHomefastener
fastener
fastenerNewsfastener
fastener
fastenerfastenerBuyers' Guidefastener
fastener
fastenerStandard Searchfastener
fastener
fastenerFor Buyersfastener
fastener
fastenerFor Suppliersfastener
fastener
fastenerMagazinefastener
fastener
fastenerTrade Showsfastener
fastener
fastenerMy Officefastener
fastener
fastenerPost Inquiriesfastener
Home->Fastener News->NORMA Group to acquire water management company in...You are the 532560 visitors
Views:1123   |   recommendation:   |   Votes:0   |   Discuss:0
NORMA Group to acquire water management company in India

NORMA Group signed an agreement to acquire equity of Kimplas Piping Systems Limited on 6th April, 2018. Kimplas is a leading manufacturer in India of world class electrofusion (EF), and compression fittings valves, and proprietary equipment for Micro-irrigation Industry. It was promoted by Mr. Krishen Khanna in 1996, and its revenues for FY 18 is INR 175 crores.

Commenting on the merits of the transaction Mr. Krishen Khanna said “NORMA Group is an ideal partner for Kimplas and we look forward to becoming part of it. This is a winning combination with high quality products and global reach in water and gas distribution business”.

Mr. Krishen Khanna will have continued involvement with Kimplas and provide guidance to the company post transaction.

NORMA Group started operations in India in 2008 with a plant in Pune focusing on fluid handling and joining technology mainly for the automotive industry in India. NORMA Group has been expanding into the water management business since 2012 by making select acquisitions in Malaysia, Australia and the
US. “It is of existential importance to provide people with resources such as water and gas,” said Bernd Kleinhens, Chairman of the Management Board of NORMA Group. “We are expanding our expertise in water management solutions in the fast growing Indian market by adding Kimplas’ leading products to
our portfolio.

Kimplas' expertise will help us to drive for instance the usage of efficient irrigation solutions in markets that are particularly threatened by water shortage.”

Kimplas has customers in India and abroad, which include water supply boards, gas distribution companies, micro-irrigation companies, building and construction businesses. In addition to products manufactured by it, the company distributes plastic pipes and imported fittings as well as electrofusion welding machines and tools. Kimplas markets its products mainly to India. The company has 690 employees that support Kimplas’ growth plans.

Trans-Continental Capital Advisors (TCCA) acted as financial advisors and Khaitan and Company acted as legal advisors to Kimplas for the transaction.

Source: NORMA

2018/5/9 17:15:00

Previous:    Large Customers Power Fastenal's Continued Strong Growth In April
        Next:    The 3rd Manufacturing World Nagoya Sees a Great Success

Recent Related News
Sundram Fasteners Q2 profit up 22% to Rs 1.10 bn, revenue crosses Rs 10 bn--2018-12-10
Anixter International Inc. Names New Member to Board of Directors--2018-12-04
Dongtai Huawei to Exhibit at Vietnam International Exhibition on Hardware & Hand Tools 2018--2018-12-03
NORMA Group with strong organic sales growth in the first nine months of 2018--2018-11-26
Lawson Products Expands in Canada--2018-11-22
BOSSARD GROUP BUYS 49% STAKE IN 3D-PROTOTYP, EXPANDS INTO 3D PRINTING INDUSTRY--2018-11-13
Caterpillar says tariffs increasing costs, stock tumbles--2018-11-05
YuYao No. 2 Standard Fastener/YuYao Biaoer: A Reliable Partner For Eyebolts--2018-11-02
Bossard Continues Sales Growth in Third Quarter 2018--2018-10-31
Strong manufacturing economy helps Fastenal's earnings--2018-10-31
Shanghai Fast-Fix: To Be the Preferred Supplier of Fastening Solutions to Automotive Industry Worldwide--2018-10-26
Dongtai Huawei: One-Stop Supplier of Stainless Steel Fasteners--2018-10-21

Vote for this news?

fastener(Very Good)
fastener(Good)
fastener(Normal)
fastener(Bad)
fastener(Very Bad)


Discuss
More Discuss...
Your Name: Anonymous

Enter the code shown:fastener0fastener

Fastener Trade Show Suzhou


China Fastener Directory
Get it FREE!
fastener
Get your CFD at the following shows:

•M-Tech Tokyo, Feb 6-8, 2019, Tokyo, Japan

•WIN EurAsia, Mar 14-17, 2019, Istanbul, Turkey

•Fastener Fair Stuttgart, Mar 19-21, 2019, Stuttgart, Germany



Show Room



Offer Product

Latest News
• China Fastener Info Exhibits at Wire India 2018

• China's industrial sector maintains stable operation: survey

Buyers' Guide
Company News

• Yuxin Fastener System: Dedicated to Becoming the Leading Manufacturer of Anchors in China

• Wuxi Anshida Hardware Co.,Ltd: Pursue Perfection with Persistence

The Way to Enter Chinese Market
The Way to Enter Chinese Market


fastener