June 8, 2021

Dometic GroupOn May 26, 2021, Dometic completed the acquisition of Zamp Solar, a leading North American manufacturer of innovative and high-quality mobile solar power solutions for the outdoor market.

SUMMARY

• The acquisition of Zamp Solar broadens Dometic's position in the fast-growing market for mobile solar power solutions.
• In 2020, Zamp Solar’s sales were approximately USD 14 million with a good operating margin and strong organic sales growth.
• The transaction is effective from today and is expected to be accretive to Dometic’s EPS from start.

DESCRIPTION OF ZAMP SOLAR

Since its founding in 2010, Zamp Solar has rapidly become one of the leading North American manufacturers of innovative, high-quality mobile solar power solutions. Based in Bend (Oregon) and with more than 400 active customers, Zamp Solar serves several vertical end markets in the outdoor space.

Zamp Solar’s products are known for their high-quality and recycled contents, and include solar panels, charge controllers, power boxes and various solar kits.

With 50% of net sales in service and aftermarket, total 2020 net sales were approximately USD 14 million with a good operating margin and strong organic sales growth. Zamp Solar has approximately 65 employees.

BACKGROUND AND REASONS FOR THE TRANSACTION

Expansion in the fast-growing market for mobile power solutions is a strategic priority for Dometic. The market demand for sustainable and effective off-grid mobile power solutions is rapidly increasing as more and more people spend time outdoors using a vehicle or boat as the base. This acquisition strengthens Dometic’s presence, know-how and distribution network for mobile solar power solutions in North America.

"We are excited to welcome the Zamp Solar team to Dometic. Zamp Solar complements our earlier acquisitions in mobile power solutions and brings unique in-house design and manufacturing expertise. In addition to positioning Dometic at the forefront of vehicle electrification trends, mobile power solutions also address the critical need for people using powered products when experiencing the outdoor lifestyle. Our strategy for profitable expansion in Mobile Living is built on a combination of organic and acquisitive growth. This is our fifth announced acquisition this year and our pipeline of potential future acquisitions remains strong." says Juan Vargues, President and CEO of Dometic.

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. The transaction is structured as a simultaneous sign and close and is effective from May 26th. Zamp Solar will be reported as part of segment Americas.

 

  • Prev
This is an opportunity to build on your experience and training with our new industry-specific ...
Across the corporate organization of Groupe Beneteau, plans have been made to charter its course ...
Brunswick Corporation (NYSE:BC) continues to execute on its Next Wave strategy, announcing on ...
Newport Exhibition Group, owners and producers of the Newport International Boat Show, have ...
Increase your industry knowledge and accumulate CEUs! These courses are for members and certified ...
BoatTEST.com announced on August 17th, 2021 that it would begin sharing all of its boat test videos ...
Mark your Calendars! The 2022 Moncton Boat Show will be returning to Moncton Friday, March 25 – ...
The 2022 Sea-Doo Switch is a re-imagined pontoon that makes hitting the water more accessible than ...
Recently, we heard from Leigh Robertson of Gold River Marina in Nova Scotia, who informed us that ...
Prompted by recent extreme weather events, we had written about the damage trail left by a tornado ...

2022 AMI Conference & Expo, Feb 1-3, 2022| Daytona Beach

 

Association of Marina IndustriesSave the date for the 2022 AMI Conference & Expo in Daytona Beach, FL on February 1-3, 2022. Plan ahead and book your room at the host hotel to receive your discounted rates!

The Association of Marina Industries Conference & Expo is THE leading marina and boatyard conference. It is geared specifically toward marina and boatyard owners; operators and managers; as well as dock masters, harbormasters, boat builders and repairers, and industry consultants. 

 

 

Read More


 

Boating Industry Canada News Week

 

Every Tuesday we publish a fresh Digest with informative articles pertaining to the Canadian boating and marine industry. Stay up to date with the latest products, research and industry developments.

Missed an Issue of Boating Industry Canada News Week? If you're looking for a specific issue, or simply want to catch up on previous issues, check out our Boating Industry Canada News Week Archives.

Not signed up for News Week? Subscribe here

 

 

 

 

 

Marine Products

  • Prev
Even the most mundane in-water service project can turn into a headache if the boat being worked on ...
Many metal polishes use harsh acids and substances that are hazardous to the environment. Bio-based ...
Kanvaslight® was specifically engineered for a long life in a salty, sun-drenched environment. The ...
BSB Artificial Intelligence created a splash when they launched their first OSCAR system for ...
Volvo Penta and Garmin continue their long history of collaboration by making it possible ...
Spectra Watermakers, specialists in energy-efficient desalination systems designed for open ocean ...
In a marina, people occasionally fall off a deck or dock. If there's stray electrical current in ...
Whether for news, weather or just to watch the game, there are times having onboard television ...
For several years now, the damages caused by lightning strikes on yachts have been increasing. ...
The latest Simrad® app debuted this week for the marine electronics leader celebrating its 75th ...

New Simrad® App launches, loaded with navigation features and support for Simrad® displays

Simrad AppThe latest Simrad® app debuted this week for the marine electronics leader celebrating its 75th anniversary this year. The updated app includes a premium offering complete with new mapping features, advanced functionality and mirroring and control of Simrad® multi-functional displays from your smartphone or tablet. It is available on both the Apple Store for iOS and Google Play for Android.

The app is free to download and offers a rich experience that includes free up-to-date nautical charts from C-MAP®, personal waypoints, routes and tracks, latest marine weather, personalization and much more. 

Read More


 

Raritan sanitation hose has impressive bend radius

Rariton Sanitation HoseBetween the odor and working in confined spaces, replacing an onboard sanitation line is never a pleasant job. With Sani/Flex Odor Shield Marine Hose from Raritan Engineering, the task can be completed quicker and with fewer expletives. Incredibly strong, it has class-leading flexibility.

The 1.5" version of Sani/Flex Odor Shield has a bend radius of 3.15". The 1" model has an impressive 1.97" rating. Combined with its suppleness, it's super-easy to snake the hose around the tightest corners.

 

 

Read More


 

 

 

People

  • Prev
Hella marine has appointed Gary Stidham as its new USA sales manager. Jeff Haas, head of sales for ...
IMTRA, the leading manufacturer and importer of quality solutions and products for the marine, ...
We were saddened to hear of the recent passing of Tom Johannsen, a pioneer in the development of ...
Promar is pleased to announce that Rob Gervais from Can-Am Sales Group, LLC., has been chosen as ...
Marc Diening is to be the new CEO of Bavaria Yachts. On August 1st, he will move from the fire ...
Mercury Marine Canada welcomes Richard Straka as the Director of its recently formed Category ...
Boating industry leader and innovator Dometic Marine has announced the promotion of Bill Longacre ...
Vesper Marine, manufacturer of innovative marine safety and communication products, has ...
James was first introduced into boating in 1980, in the town of Port Severn. Almost ...
The industry is saddened to announce the passing of Doris Baxter-Forbes, founder of Monto Reno ...