EQT III bought Dometic International AB, market leader in absorption refrigerators for recreational vehicles, hotel rooms and medical applications, in 2001.
During EQT's ownership, the company underwent extensive programmes of development and investments, and blossomed into a global group with a new product offering. Several major acquistions were made and a large number of new products were developed and introduced.
EQT III sold Dometic International AB in 2005.
Key events during EQT's ownership
- Initiated rebranding of the previous Electrolux brand to the Dometic brand
- Add-on acquisitions of SeaLand Technology and TayolorMade
- Environmental - leading to expansion into marine area
- Sales increase annually by 7% - from SEK 5.6 billion in 2001 to almost SEK 7 billion in 2005