M&A Deal Summary

THOR Industries Acquires Erwin Hymer Group

On January 21, 2019, THOR Industries acquired automotive company Erwin Hymer Group

Acquisition Highlights
  • This is THOR Industries’ 14th transaction in the Automotive sector.
  • This is THOR Industries’ 1st transaction in Germany.

M&A Deal Summary
Date 2019-01-21
Target Erwin Hymer Group
Sector Automotive
Buyer(s) THOR Industries
Deal Type Add-on Acquisition

Target

Erwin Hymer Group

Bad Waldsee, Germany
Erwin Hymer Group is a manufacturer of motorhomes and caravans. Each year the group sells more than 35,000 recreational vehicles .The Erwin Hymer Group includes the motorhome and caravan brands Bürstner, Carado, Dethleffs, Hymer, Niesmann + Bischoff, Laika, LMC and Sunlight, Europe's largest motorhome rental company McRent, the suspension specialist Goldschmitt, the accessory specialist Movera and the tent caravan manufacturer 3DOG camping. Erwin Hymer Group was founded in 1957 and is based in Bad Waldsee, Germany.

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Buyer(S) 1

Buyer

THOR Industries

Elkhart, Indiana, United States
Category Company
Founded 1980
Sector Automotive
Employees24,900
Revenue 11.1B USD (2023)
DESCRIPTION
Thor Industries' corporate headquarters in Elkhart, Indiana.
Thor Industries' corporate headquarters in Elkhart, Indiana.

THOR Industries manufactures a wide range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. THOR Industries was founded in 1980 and is based in Elkhart, Indiana.

DEAL STATS #
Overall 15 of 17
Sector (Automotive) 14 of 14
Type (Add-on Acquisition) 14 of 16
Country (Germany) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-01 Jayco

Middlebury, Indiana, United States

Jayco Corp. is a manufacturer of products such as travel trailers, folding camping trailers, higher-end diesel Class A motorhomes and larger Class C motorhomes.

Buy $576M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Airxcel

Wichita, Kansas, United States

Airxcel is a designer, manufacturer, and marketer of climate control systems for a variety of specialty end markets including recreational vehicles, telecommunication enclosures, and commercial/industrial applications. The company employees find opportunities to express creativity and innovation, enhance education and be productive team members in a supportive work environment. It conducts its business with respect and regard for its employees, customers, suppliers, financial partners, and communities in which it operates. Airxcel was formed in 1991 and is based in Wichita, Kansas.

Buy $750M
Mergr

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