Advanced Drainage Systems, Inc. (NYSE: WMS) announced today that it has entered into a definitive stock purchase agreement to acquire the water‑management business of German industrial supplier Norma Group SE, known as National Diversified Sales (NDS). The transaction is an all‑cash deal valued at approximately $1.0 billion, with WMS paying cash to the shareholders of NDS.
The acquisition adds NDS’s portfolio of water‑management products and services to WMS’s existing stormwater and onsite wastewater solutions. The deal expands WMS’s geographic reach into European markets and broadens its product offering in the water‑management segment, providing new revenue streams and potential cross‑sell opportunities with WMS’s current customer base.
Strategically, the purchase strengthens WMS’s position in the global water‑management market, enhances its scale, and creates opportunities for cost synergies and product integration. The all‑cash structure allows WMS to maintain its balance‑sheet strength while adding a complementary business that aligns with its long‑term growth strategy.
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