Dometic acquires German light system manufacturer, further strengthening the Group's leading position
Dometic acquires German light system manufacturer, further strengthening the Group's leading position Dometic, the world's leading system supplier to the recreational vehicle and pleasure boat industry, acquires the assets in MIKO Leuchten GmbH, Germany's main light systems manufacturer for recreational vehicles. MIKO further strengthens Dometic's leading position. MIKO Leuchten is Germany's leading manufacturer of customized interior lighting systems to the German recreational vehicle (RV) industry, mainly comprising motorhomes and caravans. "Interior lighting is an exciting complement to our product system offering to the growing recreational vehicle industry," says Dr. Sven Stork, CEO Dometic. "Dometic's global distribution network and long established relationship to the RV industry will allow us to quickly expand the sales of light systems to existing customers in the rest of Europe, the US and Australia," continues Dr. Sven Stork. The assets in MIKO Leuchten GmbH are acquired as of January 1, 2003. Dometic's business area Recreational Vehicle Systems today comprises refrigerators, air conditioners, cookers, awnings, generators, windows and doors as well as sanitation systems. MIKO is Dometic's second acquisition after the separation from Electrolux was completed in January 2002. In February 2002, Dometic acquired SeaLand, the leading US manufacturer of sanitation products to the pleasure boat industry. For further information, please contact: Dr. Sven Stork, CEO Dometic, +46-705-20 76 74 Louise Lundborg, Head of Investor Relations, +46-707-10 43 21 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/01/08/20030107BIT00610/wkr0001.doc http://www.waymaker.net/bitonline/2003/01/08/20030107BIT00610/wkr0002.pdf