TRIGANO Paris, 5 January 2017
Acquisition of ADRIA GroupTrigano announces it had entered into exclusive negotiations with the shareholders of Protej
d.o.o to purchase 99,08% of the company in a view to acquire Adria Group. Protej d.o.o is a Slovenian holding owning ACH d.d., the mother company of Adria Group.
Established in 1965, Adria is one of the most recognisable brand names in the European leisure vehicle market. The company manufactures and markets motorhomes, caravans and mobile homes. The group is profitable (current operational profitability comparable to that of Trigano's), employs around 1,500 people and achieved a turnover close to M€ 350 in 2016.
This acquisition shall generate significant synergies (purchasing, industrial and commercial). It is part of TRIGANO's strategy of development through external growth in the fields of leisure vehicles, accessories for leisure vehicles and trailers.
Financing of this acquisition will be ensured by already available credit facilities granted by Trigano's banking pool.
TRILISTED
NYSE
EURONEXTSM
contact
Laure Al Hassi
phone: +33 1 44 52 16 31
communication@trigano.fr
www.trigano.fr
Euronext Paris B - CAC All-Tradable - SRD - CAC Mid & Small - ISIN FR0005691656 - REUTERS : TRIA.PA - BLOOMBERG : TRI.FR
Trigano SA published this content on 05 January 2017 and is solely responsible for the information contained herein.
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