05/01/2017

5 January 2017
5 January 2017, Comments Comments Off on Trigano is negotiating the acquisition of ADRIA Group
Trigano is negotiating the acquisition of ADRIA Group

Trigano announces it had entered into exclusive negotiations with the shareholders of Protej d.o.o to purchase 99,08% of the company in a view to acquire Adria Group. Protej d.o.o is a Slovenian holding owning ACH d.d., the mother company of Adria Group. Established in 1965, Adria is one of the most recognisable brand names in the European leisure vehicle market. The company manufactures and markets motorhomes, caravans and mobile homes. The group is profitable (current operational profitability comparable to that of Trigano’s), employs around 1,500 people and achieved a turnover close to M€ 350 in 2016. This acquisition shall generate significant synergies (purchasing, industrial and commercial). It is part of Trigano’s strategy of development through external growth in the fields of leisure vehicles, accessories for leisure vehicles and trailers. Financing of this acquisition will be ensured by already available credit facilities granted by Trigano’s banking pool.