11/28/2017

Dometic Aquires SeaStar Solutions

ELKHART, Ind. – Jan. 28, 2017 – I am pleased to inform you that on November 21, Dometic entered into an agreement to acquire SeaStar Solutions. The acquisition is an excellent strategic fit and is a cornerstone in our ambition to build a broader global leadership in the marine business. Closing of the acquisition is expected during the fourth quarter 2017.

SeaStar Solutions is a market leading supplier to the leisure marine industry in the area of vessel control, fuel systems and system integration. SeaStar Solutions operates some of the strongest and most respected brands in the industry, such as SeaStar, Xtreme, MOELLER and Sierra. The Sierra aftermarket platform is the world’s largest independent marine aftermarket supplier. The company is based in North America and employs about 1,250 people

I am truly excited about the opportunities to accelerate our combined leadership positions in the marine market, and leverage the strength as a combined company. As one, we will be able to provide an unequalled offering to our customers, channel partners and end-users. The two companies share the same vision and corporate culture, with true dedication to product leadership, best in class customer support, and loyal and long-term relationships. Together, we will continue to strive to improve all the qualities that you have come to expect from our companies.

Let me make it clear, that as a combined company we will be even more committed to serve you with the same dedication and professionalism as ever before. The promise to you, our valued customers and partners, has not changed. Our companies already share some customers and business partners, and we intend to enhance and expand present and new essential relationships.

For the foreseeable future, it is business as usual. Our Dometic team and representatives will remain the same, and your local customer service contact will serve you with the same high level of expertise as before. We look forward to a long and mutually beneficial relationship for many years to come.

Sincerely
Roger Johansson
President and CEO of Dometic

About Dometic
Dometic enriches people’s experiences when away from home by providing smart, reliable products with outstanding design for mobile living in the areas of Climate, Hygiene & Sanitation and Food & Beverage. Dometic manufactures and sells products within these areas for use in mainly recreational vehicles, trucks and premium cars, cruisers and work boats, and for a variety of other uses. Dometic operates 22 manufacturing/assembly sites in North America, South America, Europe and Asia-Pacific. Dometic products are sold in more than 100 countries. Dometic has 6,500 employees and is listed on NASDAQ Stockholm.