Hurry along, Norma.
In a significant development, US-based Advanced Drainage Systems (ADS) is reportedly in advanced talks to acquire the water management division of Norma. The division, valued at approximately 850 million euros, has been put up for sale by Norma last November.
Sources familiar with the matter have claimed that an agreement between the two companies could be reached in the coming days. The potential sale of Norma's water management division is a significant move for both companies, as it could mark a significant expansion for ADS in the European market.
The water management division, which is the subject of the sale negotiations, is a crucial part of Norma's operations. However, there is no specific information available about the leader of the water management department at Norma who is involved in the sales process.
The sale negotiations are said to be in advanced stages, with both parties reportedly in agreement on the valuation of the division. The sale could be finalized in the near future, subject to the completion of due diligence and the signing of the necessary documents.
This potential acquisition by ADS would be a significant development in the water management industry, as it could lead to increased innovation and efficiency in the sector. Both companies have a strong reputation for their commitment to sustainability and environmental responsibility, and the combination of their expertise could lead to groundbreaking advancements in water management solutions.
Stay tuned for more updates on this developing story as more information becomes available.
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