NORMA Group acquires distribution business of Davydick in Australia
Maintal, Germany, 14 January, 2013
NORMA Group, an international market and technology leader for engineered joining technology, signed an agreement on 10 January, 2013 to acquire the distribution business of Davydick & Co. Pty Limited (“Davydick”) in Australia. The parties agreed to maintain confidentiality on the transaction details.
Davydick based in Goulburn, approximately 150 km southwest of Sydney, is a distributor for various elements in the transportation of water in irrigation systems for more than 20 years. The company is specialised in supplying a comprehensive range of rural irrigation fittings, valves, and pumps under its brand name PUMPMASTER to around 700 customers throughout Australia in the agricultural, hardware and plumbing markets. Davydick maintains branches in Melbourne, Adelaide and Brisbane. In the past fiscal year, the company generated overall sales of around EUR 4 million.
With the acquisition of the distribution business of Davydick NORMA Group builds on its water platform and complements its product range in the infrastructure business area. The company expands its distribution network with a focus on agriculture and irrigation. NORMA Group has already been present in Australia since 1992.
"We are pleased to grow our existing distribution network in Australia with the acquisition of Davydick. Furthermore, we step into the markets for pumps," says Werner Deggim, CEO of NORMA Group. "The service range of Davydick ideally complements our recent acquisition of Chien Jin Plastic, a Malaysian manufacturer of pipe compression fittings and components for the irrigation, agriculture and water distribution markets."