(CercleFinance.com) – Thermador Groupe announces that, on October 31, it has finalized the acquisition of 100% of the shares of the company DPI (Direct Pipe Industry), a specialist in plastic pipes for wet and dry networks based in Monaco, for a 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 reached 3.859 million for the years 2022 and 2023”, specifies the distributor of plumbing equipment.
Offering products used for drinking water, wastewater, irrigation, drainage, gas and biogas, telecom and electricity networks, DPI should have achieved a turnover of nearly 60 million euros in 2022. euros, around 98% in France.