Dometic acquires Büttner Elektronik

Büttner Elektronik

July 20, 2021

On July 2, 2021, Dometic acquired Büttner Elektronik – a Germany-based provider of mobile power solutions for the outdoor market.

SUMMARY

• The acquisition of Büttner Elektronik strengthens Dometic’s offering of mobile power products, including solar power solutions, for the European outdoor market.

• Büttner Elektronik’s 2020 net sales were approximately EUR 13 million with a good operating margin. Approximately 75% of net sales is in Service and Aftermarket.

• The transaction is effective from today and is expected to be accretive to Dometic’s EPS from start.

DESCRIPTION OF BÜTTNER ELEKTRONIK

Büttner Elektronik is a Germany-based provider of high-end mobile power products, including solar power solutions, batteries and battery chargers. Büttner Elektronik serves several vertical end markets in the outdoor space. The products are primarily sold in Germany and approximately 75% of net sales is in Service and Aftermarket.

2020 net sales were approximately EUR 13 million with a good operating margin and strong organic sales growth. The company is privately owned, has 17 employees and is headquartered in Neuenkirchen, Germany.

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. The acquisition of Büttner Elektronik broadens Dometic’s offering and distribution network of mobile power solutions for the European outdoor market.

“I am pleased to welcome Büttner Elektronik and its employees to Dometic. With Büttner Elektronik we are strengthening our product offering and distribution network in the fast-growing area of mobile power solutions for the Outdoor lifestyle. Our strategy for profitable expansion in Mobile Living is built on a combination of organic and acquisitive growth. This is our sixth 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 today. Büttner Elektronik will be reported as part of segment EMEA.

Related Posts





Four Winns’ new H9 is stunning!

CMRA

As of July 1st, 2024 the embargo is lifted on the photos and information about Four Winns’ new H9 model and it is stunning!

About a month ago, I traveled to Charlevoix, MI for a special press event to introduce the H9 to a small group of journalists. The water and the weather were a bit cool but the sun was out and Lake Charlevoix was calm and the Four Winns H9 was very impressive. This is a 29-foot 11-inch luxury day boat with a 9- foot 2-inch beam and it features a fabulous expansive flat floor all the way from the bow rider area to the transom and the swim platform.

Read More




Need to Catch up on News This 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.



KingFisher Boats Introduces Next-Generation 3025 XRS and 2725 XRS Offshore Models

KingFisher Boats, renowned for their rugged and versatile adventure boats, proudly announces the launch of their latest models – the 3025 XRS and 2725 XRS. These new additions to the Offshore Series epitomize innovation, performance, and luxury, setting a new benchmark in the world of welded heavy-gauge aluminum boats. 

Read More


Accessories keep portable sealer in peak working order

Hubbell-Marine Stainless steel outlet covers

The ultra-light ROAM 18-V Portable Vacuum Sealer revolutionized how fishermen, hunters and outdoorsmen preserve the flavors of wild-caught and harvested food. Now, PacBak offers replacement bags, a spare battery and a performance refresh kit to keep the innovative device in peak working order.

Read More