On May 18, 2021, Dometic entered into an agreement to acquire Enerdrive – an Australian-based provider of mobile power products for the outdoor market.

The acquisition will broaden Dometic’s capacity to deliver sustainable and effective off-grid mobile power solutions and increase its distribution network in the Pacific Region. And increase its presence and know-how in the fast-growing market for mobile solar power solutions.

“I am pleased to welcome Enerdrive and its employees to Dometic,” says Juan Vargues, President and CEO of Dometic.

“With Enerdrive we are strengthening our product offering and distribution network in the fast-growing area of power solutions for the Outdoor lifestyle,” Juan explains.

“Our strategy for profitable expansion in Mobile Living is built on a combination of organic and acquisitive growth. Enerdrive is our third announced acquisition this year and our pipeline of potential acquisitions in the near future remains strong.”

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. Closing is expected to take place during the second quarter of 2021. The Enerdrive business will be reported as part of segment Asia Pacific.