Dometic Acquires Valterra Products, LLC
The Swedish manufacturing company sought out the acquisition to increase its presence in the fast-growing market for mobile solar power solutions
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Swedish mobile living branded solutions company Dometic last week announced plans to enter into an agreement to acquire Valterra Products, a leading North American provider of service and aftermarket products.
“I am pleased to welcome Valterra and its employees to Dometic,” said Juan Vargues, President and CEO of 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.”
The acquisition also significantly increases Dometic’s presence in the fast-growing market for mobile solar power solutions tailored to a mobile outdoor lifestyle through Go Power!, one of Valterra’s brands of products.
Expansion in Service and Aftermarket is a strategic priority for the Swedish mobile living company, 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.
Dometic did not disclose the transaction price. The acquisition is fully financed via cash on hand and is expected to be accretive to Dometic’s earnings per share from the start. Closing is expected to take place during the second quarter of 2021, pending regulatory approvals.
