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ADS Said in Advanced Talks for Norma’s $1 Billion Water Unit

Markets

Aaron Kirchfeld, Kiel Porter, Eyk Henning

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September 18, 2025

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Bloomberg

Advanced Drainage Systems Inc. is in advanced talks to buy the water management unit of Germany’s Norma Group SE in a deal valued at about €850 million ($1 billion), according to people familiar with the matter.

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