# Vermeer Corporation acquires Normag electric HDD technology

Vermeer Corporation has acquired the rights to develop, manufacture and distribute Normag's fully electric horizontal directional drill rigs, generator sets and fluid management systems. The technology will be moved to Vermeer's EMEA headquarters in Goes, Netherlands.

- Type: Acquisition
- Announced: 2024-10-31
- Where: Goes, Netherlands, Netherlands
- Status: announced
- Products: electric horizontal directional drill rigs, generator sets, fluid management systems
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Vermeer Corporation](https://endata.com/companies/19230.md) (acquirer)
- [Normag](https://endata.com/companies/80773.md) (target)

## Sources

- [vermeersoutheast.com](https://www.vermeersoutheast.com/news/vermeer-corporation-acquires-electric-horizontal-directional-drill-and-fluid-management-technology/), 2024-10-31: "This investment critically supports our innovation and product development focus to continually help customers optimize their worksite efficiency, while limiting environmental impact."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.