Dometic, a global market leader in branded solutions for mobile living in the areas of food and beverage, climate, power and control, and other applications, has a warranted reputation for quality within the overlanding and outdoors community. It’s therefore exciting news that on May 26, 2021, the company acquired Zamp Solar, thus broadening its position in the fast-growing market for mobile solar power solutions.
Since its founding in 2010, Zamp Solar has become one of the leading North American manufacturers of innovative mobile solar power solutions. The company, based in Bend, Oregon, has more than 400 active customers and serves several vertical end markets in the outdoor space. Zamp’s solar products are “known for their high-quality and recycled contents, and include solar panels, charge controllers, power boxes, and various solar kits.” The brand has 50 percent of net sales in service and aftermarket, and their total 2020 net sales were approximately USD 14 million with a good operating margin and strong organic sales growth.
The company explains that expanding into this fast-growing market is a strategic priority, as the “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.
President and CEO of Dometic, Juan Vargues, states: “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.”
It’s great to see such a powerhouse in the mobile living sector investing in solar technology, which for many, including myself, provides essential power for life off-grid. The acquisition is fully financed via cash on hand and is expected to be accretive to Dometic’s EPS from the start. If you’d like to know more about this exciting development, then check out the links below.
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