M&A Deal Summary

NORMA Group Acquires Parker Hannifin - Autoline Business

On June 23, 2016, NORMA Group acquired automotive company Parker Hannifin - Autoline Business from Parker Hannifin

Acquisition Highlights
  • This is NORMA Group’s 1st transaction in the Automotive sector.
  • This is NORMA Group’s 4th transaction in the United States.
  • This is NORMA Group’s 1st transaction in Ohio.

M&A Deal Summary
Date 2016-06-23
Target Parker Hannifin - Autoline Business
Sector Automotive
Buyer(s) NORMA Group
Sellers(s) Parker Hannifin
Deal Type Divestiture

Target

Parker Hannifin - Autoline Business

Cleveland, Ohio, United States
Parker Hannifin Corp. - Autoline Business is a designer, manufacturer and marketer of quick connectors for all types of automotive fluid line applications.

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Buyer(S) 1

Buyer

NORMA Group

Maintal, Germany
Category Company
Founded 1896
Sector Manufacturing
Employees6,077
Revenue 1.2B EUR (2023)
DESCRIPTION

NORMA Group is a manufacturer of comprehensive range innovative joining-technology products in the clamp, connect and fluid categories and occupies a leading position as a solution provider. NORMA Group was founded in 1896 and is based in Maintal, Germany.

DEAL STATS #
Overall 6 of 8
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 4 of 4
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-08 National Diversified Sales

Woodland Hills, California, United States

National Diversified Sales, Inc. manufacturer of water management solution products including plastic irrigation, drainage, and valve products that are used in many common residential, commercial, and landscaping applications in North America.

Buy $285M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-12 Lifial – Indústria Metalúrgica de Águeda Lda.

Aguada de Cima, Portugal

Lifial – Indústria Metalúrgica de Águeda, Lda. is a manufacturer of metal clamps. Its portfolio includes heavy duty clamps, pipe supporting clamps, and U-bolt clamps for mounting antennas and solar modules.

Buy -

Seller(S) 1

SELLER

Parker Hannifin

Cleveland, Ohio, United States
Category Company
Founded 1917
Sector Machinery
Employees50,520
Revenue 19.9B USD (2024)
DESCRIPTION
Entrance to Parker Hannifin's corporate headquarters in Cleveland, Ohio.
Entrance to Parker Hannifin's corporate headquarters in Cleveland, Ohio.

Parker-Hannifin is a diversified manufacturer of motion and control technologies and systems, providing precision engineered solutions for a wide variety of mobile, industrial and aerospace markets. Parker Hannifin was formed in 1917 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 6 of 12
Sector (Automotive) 1 of 1
Type (Divestiture) 6 of 12
State (Ohio) 3 of 5
Country (United States) 5 of 11
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-10 Nichols Portland

Portland, Maine, United States

Nichols Portland is a designer and manufacturer of precision powder metal fixed and variable displacement gears including gerotor gears and smart pumps for automotive and on-off highway and other industrial markets. Nichols Portland was founded in 1904 and is based in Portland, Maine.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-01 Jäger Automobil-Technik

Germany

Jäger Automobil-Technik GmbH specializes in the development and production of molded rubber and plastics components (fully elastomeric variants and composite solutions) and is internationally renowned in the field of two-component injection technology.

Buy -
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