NORMA Group AG (DB:NOEJ) agreed to acquire Davydick & Co. Pty Limited for €2.4 million in cash on November 22, 2012. Davydick & Co.

Pty is a family owned business. Davydick & Co. Pty Limited reported turnover of €4 million in 2012.

The transaction was approved by supervisory board of NORMA Group on November 22, 2012. Miles Advisory Partners Pty Ltd. acted as financial advisor to NORMA Group AG (DB:NOEJ).