Dometic Group AB (OM:DOM) completed the acquisition of Cadac Ltd.
January 04, 2022
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Dometic Group AB (publ) (OM:DOM) entered into an agreement to acquire CADAC International on September 16, 2021. The acquisition is fully financed via cash on hand. Cadac will be reported as part of segment EMEA. Cadac generated approx. 17 million of net sales in 2020. The transaction is expected to close during the fourth quarter of 2021 and to be accretive to Dometic's EPS from start.
Dometic Group AB (publ) (OM:DOM) completed the acquisition of Cadac (Pty) Ltd on January 4, 2022.
Dometic Group AB publ is a Sweden-based company that manufactures and supplies mobile leisure products for recreational vehicles, such as motorhomes and caravans, and marine, commercial and passenger vehicles. Its products include awnings, air conditioners, refrigerators, ovens, stoves, windows, lights, doors, sanitation systems, generators, sinks, cooktops, portable fridges and freezers, holding tanks, ovens, sinks, cool boxes, dishwashers, grills, inverters, safes, vacuum cleaners, generators, battery charging systems, wine coolers, and minibars, among others. Its products are sold through multiple distribution channels in around 100 countries under the brands: Dometic, WAECO, Marine Air, Cruisair, Condaria, SeaLand and Mobicool. The Company operates production facilities in Asia, Europe and the United States