Dometic Acquires Zamp Solar

Stockholm, Sweden - May 27, 2021. On May 26, 2021, Dometic completed the acquisition of Zamp Solar, a leading North American manufacturer of innovative and high-quality mobile solar power solutions for the outdoor market.

SUMMARY

  • The acquisition of Zamp Solar broadens Dometic's position in the fast-growing market for mobile solar power solutions. 
  • In 2020, Zamp Solar’s sales were approximately USD 14 million with a good operating margin and strong organic sales growth. 
  • The transaction is effective from today and is expected to be accretive to Dometic’s EPS from start. 

DESCRIPTION OF ZAMP SOLAR

Since its founding in 2010, Zamp Solar has rapidly become one of the leading North American manufacturers of innovative, high-quality mobile solar power solutions. Based in Bend (Oregon) and with more than 400 active customers, Zamp Solar serves several vertical end markets in the outdoor space. 

Zamp Solar’s products are known for their high-quality and recycled contents, and include solar panels, charge controllers, power boxes and various solar kits. 

With 50% of net sales in service and aftermarket, total 2020 net sales were approximately USD 14 million with a good operating margin and strong organic sales growth. Zamp Solar has approximately 65 employees.  

BACKGROUND AND REASONS FOR THE TRANSACTION

Expansion in the fast-growing market for mobile power solutions is a strategic priority for Dometic. The market demand for sustainable and effective off-grid mobile power solutions is rapidly increasing as more and more people spend time outdoors using a vehicle or boat as the base. This acquisition strengthens Dometic’s presence, know-how and distribution network for mobile solar power solutions in North America.

"We are excited to welcome the Zamp Solar team to Dometic. Zamp Solar complements our earlier acquisitions in mobile power solutions and brings unique in-house design and manufacturing expertise. In addition to positioning Dometic at the forefront of vehicle electrification trends, mobile power solutions also address the critical need for people using powered products when experiencing the outdoor lifestyle. Our strategy for profitable expansion in Mobile Living is built on a combination of organic and acquisitive growth. This is our fifth announced acquisition this year and our pipeline of potential future acquisitions remains strong." says Juan Vargues, President and CEO of Dometic.

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. The transaction is structured as a simultaneous sign and close and is effective from today. Zamp Solar will be reported as part of segment Americas. 

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Contact pour la presse

Minako Nakatsuma Olofzon |  pr@dometic.com  |  +46 8 501 025 41

À propos de Dometic
Dometic est leader sur le marché international des solutions de marque pour la vie mobile, dans les domaines de l’alimentation et des boissons, la climatisation, l’énergie et le contrôle, et d’autres applications. Dometic est actif en Amérique du Nord et du Sud, ainsi que dans les pays EMEA et d’Asie Pacifique, en fournissant des produits à utiliser dans les véhicules de loisirs, les poids lourds, les voitures haut de gamme, les bateaux de plaisance et les navires commerciaux et pour une variété d’autres utilisations. Notre motivation est de créer des produits intelligents et fiables, au design exceptionnel. Nous vendons nos produits dans environ 100 pays et avons un réseau international de distributeurs et de revendeurs pour assurer l’après-vente. Dometic emploie environ 6 500 personnes dans le monde entier, avec un chiffre d’affaires de 16,2 milliards SEK (1,8 milliards USD) en 2020. Son siège social est situé à Stockholm, en Suède.