On
SUMMARY
- The acquisition of NDS Energy strengthens Dometic's offering and market presence within Mobile Power Solutions in the European outdoor market.
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NDS Energy's net sales for the last 12 months1 were approximately
EUR 11 million with a good operating margin. Approximately 75% of net sales is in Distribution and Service & Aftermarket. -
The transaction is expected to close during the first quarter of 2022 and to be accretive to Dometic's EPS from start.
DESCRIPTION OF NDS Energy
NDS Energy is an Italian-based provider of Mobile Power Solutions, including solar power systems, chargers and inverters. NDS Energy serves several vertical end markets in the fast-growing outdoor space. The products are sold across several countries in
BACKGROUND AND REASONS FOR THE TRANSACTION
The electrification trend in the Outdoor industry is strong and further expansion in the market for Mobile Power Solutions is a strategic priority for Dometic. With more and more people spending time outdoors, using a vehicle or boat as their base, the need for off-grid power is driving a rapid increase in the demand for efficient and sustainable Mobile Power Solutions. The acquisition of NDS Energy broadens Dometic's offering, distribution network and capabilities in this area.
The acquisition is fully financed via cash on hand and is expected to be accretive to Dometic's EPS from start. The transaction price is not material in relation to Dometic's market capitalization and is not disclosed. NDS Energy will be reported as part of segment EMEA and the transaction is anticipated to close in the first quarter of 2022.
1 Last 12 months as of
FOR FURTHER INFORMATION, PLEASE CONTACT:
Rikard Tunedal, Head of Investor Relations
Phone: +46 73 056 97 35
Email: rikard.tunedal@dometic.com
ABOUT DOMETIC
Dometic is a global market leader in the mobile living industry. Millions of people around the world use Dometic products in outdoor, residential, and professional applications. Our motivation is to create smart, sustainable, and reliable products with aspirational design for an outdoor and mobile lifestyle in the areas of Food & Beverage, Climate, Power & Control, and Other Applications. Dometic employs approximately 7,700 people worldwide, had net sales of
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