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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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Contato com a imprensa

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

SOBRE A DOMETIC
A Dometic é líder global de mercado em soluções de marca para moradia móvel nas áreas de alimentos e bebidas, climatização, energia, controle e outras aplicações. A Dometic opera nas Américas, Europa, Oriente Médio, África e Ásia-Pacífico, fornecendo produtos para uso em motorhomes, caminhões e veículos premium, barcos de lazer e de trabalho, e para diversos outros usos. Nossa motivação é criar produtos inteligentes e confiáveis, com design extraordinário. Nós vendemos nossos produtos em aproximadamente 100 países e temos uma rede global de distribuição e revendedores para atender o mercado de reposição. A Dometic emprega cerca de 6.500 mil pessoas em todo o mundo, teve vendas líquidas de mais de 1,8 bilhão de dólares em 2020 e está sediada em Estocolmo, Suécia.