Dometic has entered into an agreement to acquire
SUMMARY
- The acquisition strengthens Dometic's offering and market presence within the North American market for Marine aftermarket products and solutions, particularly in the fast-growing Mobile Power Solution area.
-
Net sales full year 2021 were over
US$ 16 million with strong growth and a good operating margin. Approximately 75% of net sales are derived from the Service & Aftermarket channel. -
The transaction is structured as a simultaneous signing and closing and is effective immediately. The transaction is expected to be accretive to Dometic's EPS from start.
DESCRIPTION OF
Through the brands CDI Electronics and Balmar,
Net sales in 2021 were over
Treeline has approximately 70 employees and is headquartered in
BACKGROUND AND REASONS FOR THE TRANSACTION
Dometic supplies the global marine industry with a wide range of innovative products for both the leisure and professional markets. With a strong market position as a basis and by driving continuous innovation, Dometic has the ambition to increase its presence in the service and aftermarket business with purpose-built products, and by expanding the business into new areas.
The addition of
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. Treeline will be reported as part of Dometic's Marine segment. The transaction is structured as a simultaneous signing and closing and is effective immediately.
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 9,000 people worldwide, had net sales of
https://news.cision.com/dometic-group/r/dometic-acquires-treeline-capital-llc,c3516879
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