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French Firm Acquires Italian Motorhome Maker
Posted By RV Business On December 4, 2012 @ 4:14 pm In Breaking News | No Comments
Trigano Group, the French owner of Auto-Trail, has announced the acquisition of Italian motorhome manufacturer SEA Group.
Out and About Live reported that SEA Group produces motorhomes under the McLouis, Elnagh and Mobilvetta brands. It employs 365 people and has sold around 3,200 motorhomes in 2012.
The group had been in difficulties since 2006, due mainly to the decrease of the Italian motorhome market and high levels of debt with unfavorable financial terms and management instability, according to Trigano.
Trigano’s UK brands include Auto-Trail, Chausson and Roller Team.
The acquisition of SEA, which is subject to the agreement of the German and Italian competition authorities, is part of Trigano’s strategy of “development through external growth in the fields of leisure vehicles, accessories for leisure vehicles and trailers.”
Trigano will acquire 100% of the capital and financial debt of SEA Group.
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