Advanced Drainage Systems to acquire NDS from NORMA Group for $1bn.

Advanced Drainage Systems, a manufacturer of innovative stormwater and onsite wastewater solutions, agreed to acquire NDS, manufacturer of plastic catch basin for landscape drainage, from NORMA Group for $1bn. “The agreement represents a significant milestone in NORMA Group’s transformation into a focused industrial supplier. Once the transaction has been completed, we will eliminate our net debt, putting the company on even more sound financial footing and providing us with greater flexibility to expand our industrial business. We will now focus all our energy on consistently strengthening our core business of advanced joining technology in the two complementary business units Industry Applications and Mobility & New Energy,” Mark Wilhelms, NORMA Group CEO.