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Dometic Acquires Valterra Products, LLC

Stockholm, Sweden - April 22, 2021. On April 22, 2021, Dometic entered into an agreement to acquire Valterra Products, a leading North American provider of service and aftermarket products to the RV and CPV industries, including solar power solutions.

SUMMARY 

  • The acquisition of Valterra broadens Dometic's position in Service and Aftermarket through new products, a broader distribution network and strengthened market presence 
  • The acquisition also significantly increases Dometic’s presence in the fast-growing market for mobile solar power solutions through the brand Go Power! 
  • In 2020, Valterra’s sales were approximately USD 94 million with a good operating margin and an organic sales growth of 12%.  
  • The transaction is expected to be accretive to Dometic’s EPS from start. The transaction price is not disclosed.

DESCRIPTION OF VALTERRA 

Valterra is a leading North American provider of service and aftermarket products, consumables and accessories for the RV industry, which represents almost 90% of the company’s sales, as well as other industries such as CPV. Its product categories include solar power solutions, sewer and sanitation products, power cords and other electrical products and accessories. The company’s products, sold under a variety of brands, including Valterra and Go Power!, are widely recognized as leading brands in their respective categories. Approximately 2/3 of the sales are derived from service and aftermarket customers, supported by a large and growing installed base of vehicles in the RV and CPV industry.  

2020 sales were approximately USD 94 million with a good operating margin and an organic sales growth of 12%. 

Founded in 1981, Valterra has approximately 550 employees with offices in California, Florida and British Columbia and has its own manufacturing facility in Mexico. 

BACKGROUND AND REASONS FOR THE TRANSACTION 

Expansion in Service and Aftermarket is a strategic priority for Dometic, as it offers attractive market dynamics, strong earnings potential, good opportunities for further expansion and low cyclicality. Valterra supports this strategy with a wide range of service and aftermarket low-ticket sales products and a proven strong profitability. With Go Power!, Dometic is also significantly increasing its presence in the fast-growing market for solar power solutions tailored to a mobile outdoor lifestyle. 
"I am pleased to welcome Valterra and its employees to Dometic. The acquisition is part of our strategy of strengthening our Service and Aftermarket position in the growing Outdoor industry. Valterra complements our product portfolio and strengthens our offer to make Dometic even more relevant to our current and future customers, "says Juan Vargues, President and CEO of Dometic. 

The transaction price is not disclosed. The acquisition is fully financed via cash on hand and is expected to be accretive to Dometic’s EPS from start. 
Closing is expected to take place during the second quarter of 2021, pending regulatory approvals.

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媒體聯絡資料

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

關於多美達
多美達為食物和飲品、溫度調節系統、能源與控制裝置及其他應用需求提供解決方案,是隨行生活品牌解決方案的全球市場領導者。多美達的業務遍佈美洲、歐洲、中東、非洲及亞太區,提供各種產品以供露營車、貨車與轎車、遊艇與工作船隻使用,以及用於其他各式各樣的地方。我們的動力是創造設計出色的智能及可靠產品。全球約100個國家/地區均有出售我們的產品,而且多美達擁有全球分銷及經銷網絡,為客戶提供售後市場服務。多美達的總部設於瑞典斯德哥爾摩,在全球聘用約6,500名員工,其2020年淨銷售額更超過162億瑞典克朗(18億美元)。