NORMA Group SE has announced the signing of an agreement to sell its Water Management business unit to Advanced Drainage Systems, Inc. The transaction will involve the transfer of subsidiaries in the Americas, Asia-Pacific, and Europe to the buyer. In 2024, the Water Management business generated net sales of around USD 320 million and an adjusted EBITDA of approximately USD 78 million. The strategic unit has been valued at an enterprise value of USD 1 billion. NORMA Group anticipates a net cash inflow of around EUR 620 million to EUR 640 million from the sale, after taxes and transaction costs. The Management Board plans to use approximately EUR 300 million of the proceeds to repay debt and is considering allocating up to EUR 70 million for potential acquisitions in its Industry Applications business unit.