DESCRIPTION OF BÜTTNER ELEKTRONIK
Büttner Elektronik is a Germany-based provider of high-end mobile power products, including solar power solutions, batteries and battery chargers. Büttner Elektronik serves several vertical end markets in the outdoor space. The products are primarily sold in Germany and approximately 75% of net sales is in Service and Aftermarket.
2020 net sales were approximately EUR 13 million with a good operating margin and strong organic sales growth. The company is privately owned, has 17 employees and is headquartered in Neuenkirchen, Germany.
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. The acquisition of Büttner Elektronik broadens Dometic’s offering and distribution network of mobile power solutions for the European outdoor market.
"I am pleased to welcome Büttner Elektronik and its employees to Dometic. With Büttner Elektronik we are strengthening our product offering and distribution network in the fast-growing area of mobile power solutions for the Outdoor lifestyle. Our strategy for profitable expansion in Mobile Living is built on a combination of organic and acquisitive growth. This is our sixth 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. Büttner Elektronik will be reported as part of segment EMEA.
Informazioni su Dometic
Dometic è leader di mercato a livello mondiale in ambito Food & Beverage, Climatizzazione, Energia e controllo e altre applicazioni. Attiva in America, EMEA e Asia-Pacifico, offre prodotti per veicoli ricreazionali, camion e vetture premium, imbarcazioni da diporto e da lavoro, in aggiunta ad altri svariati usi. Lo scopo di Dometic è creare prodotti intelligenti, affidabili e di design. Vendiamo i nostri prodotti in circa 100 nazioni. Per il mercato aftermarket, disponiamo di una rete mondiale di distributori e rivenditori. Dometic, con sede principale a Stoccolma, in Svezia, impiega circa 6.500 persone in tutto il mondo. Nel 2020 ha registrato un fatturato netto di 16,2 miliardi di corone svedesi (1,8 miliardi di dollari USA).