NDS Energy signs an agreement with Swedish Dometic
NDS Energy, a company based in Pescara, Italy, has signed an agreement with Dometic, a company based in Sweden active in the mobility sector, for the expansion of mobile power solutions.
A few days ago NDS Energy has signed an agreement with Dometic, a company based in Sweden and with around 9,000 employees around the world, and one of the global leaders when it comes to mobility.
Dometic supplies energy and energy control products, food service applications, air conditioning and other applications that are essential for the use of recreational vehicles, trucks and luxury cars, pleasure and work boats, and for a variety of other applications.
The acquisition of NDS Energy, an Italian-based provider of mobile power solutions, including solar power systems, chargers and inverters strengthens Dometic’s offering and market presence within mobile power solutions in the European outdoor market. NDS Energy’s net sales for the last 12 months were approximately 11 million euros with a good operating margin. Approximately 75% of net sales is in distribution and service and aftermarket. The transaction is expected to close during the first quarter of 2022 and to be accretive to Dometic’s EPS from start.
The reasons of the agreement between NDS and Dometic
The electrification trend in the outdoor industry is strong and further expansion in the market for mobile power solutions is a strategic priority for Dometic. With more and more people spending time outdoors, using a vehicle or boat as their base, the need for off-grid power is driving a rapid increase in the demand for efficient and sustainable Mobile Power Solutions. The acquisition of NDS Energy broadens Dometic’s offering, distribution network and capabilities in this area.
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.
