Trigano — M&A Activity 2017

Sep 22, 2017

Acquisition of Adria Group

Trigano announces the acquisition of 85% of the capital of the Protej d.o.o company, owner of Adria Group. The remaining 15% will be retained by the management staff of Adria and may be acquired by Trigano in the next few years.

Introduced in 1965, Adria is a uniformly established brand on the overall European market of leisure vehicles. The company designs and manufactures motorhomes, caravans and static caravans in Slovenia. The group is profi table (current operating profi t similar to Trigano), employs around 1,700 people and achieved a turnover of M€ 355 in 2016.

This acquisition shall generate strong synergies (purchasing, industrial and commercial). It is part of Trigano's strategy of development through external growth in the fi elds of leisure vehicles, accessories for leisure vehicles and trailers. Financing of this acquisition is ensured by specifi c credit facilities granted by Trigano's banking pool.