The Tam International Group and Normet Group are pleased to announce today that they have acquired 100% of the share capital of “TAM Construction Chemicals (India) Pvt Ltd”. Previously TAM India was a 50 / 50 Joint Venture with Mr Sharat Nath. Mr Nath will continue as a Director of the company, responsible for sales acquisition.
The decision to acquire the remaining shares is part of TAM and Normet’s global expansion strategy which was formally announced in April 2010. Normet, who manufacture specialist equipment for large construction projects already have a strong presence in India and the addition of TAM’s Construction Chemicals will allow them to develop into a “Total Solutions Provider” for the construction sector.
Mr. Tom Melbye, President of Normet Group and Executive Chairman of TAM Group, commented “India is one of the fastest growing markets for Construction equipment and related chemicals and the amount of Infrastructure projects planned over the next few years is simply staggering. Normet / TAM are committed to serving our valued customers and the acquisition of 100% of the business shows our long term commitment and confidence in the Indian market”
TAM International
Founded in 1982, TAM are leaders in specialist chemicals and systems for waterproofing, leak sealing, repair and protection for the civil construction, underground construction and general building industry.
Legend Normet
Normet produces solutions for demanding customer processes in underground mining and tunnelling. Normet develops, manufactures and markets equipment and vehicles for mining and underground construction and offers services for the maintenance and usage processes for the entire lifetime of the products. Normet Group is a global market leader in its business sector. Over 90 % of the production is exported. Normet employs more than 500 professionals worldwide. The turnover in 2009 totaled 90 million Euros.
For further information please contact:
Tom Melbye, President of Normet Group and
Executive Chairman of TAM Group
Tel direct: +41 41 768 52 01
Mobile: +41 79 449 85 55
E-mail: tom.melbye@normet.fi