(AOF) – Thermador Groupe has finalized the acquisition of 100% of the shares of the Monegasque company DPI for an amount of 31 million euros, paid in cash. An additional price of 5.16 million euros could be paid at the beginning of 2024 if the average operating profit reaches 3.85 million euros for the years 2022 and 2023. CIC Lyonnaise de Banque et Crédit Lyonnais supported Thermador Groupe in this operation by granting two bank loans for a period of 7 years.
Thanks to this acquisition, the Thermador group adds public works to its “building and industry” offer of accessories and materials for the circulation of fluids.
Internally, the DPI company maintains its commercial independence to pursue its development in very promising markets linked to renewable energy, water management and telecommunications.
The main materials (polyethylene, PVC, polypropylene) that make up the products are completely recyclable.
Since its creation in 2006, DPI is a specialist in plastic pipes (sheaths, pipes, drains, fittings, etc.) for wet and dry networks. Its products are used for drinking water, wastewater, irrigation, drainage, gas and biogas, telecommunication and electricity networks.
Its customers are specialist traders and major players in construction, public works and irrigation. Its strategic suppliers are medium-sized companies based in Europe.
Its 2022 turnover will be around 60 million euros, of which around 98% in France.
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