Swedish firm Kabe Group AB has completed its full takeover of British caravan manufacturer Coachman. Kabe, a well-known name for caravans and leisure vehicles in Sweden, already owned 21.5 per cent of shares in Coachman following a deal in July 2018, but on 19 February 2021, it completed a takeover to acquire the remaining shares.
Coachman is one of the leading manufacturers of caravans in the premium segment in England. The business has been run for 30 years in its own premises in Hull, England. The company has about 200 employees and recently reported excellent sales figures for 2020 with its recent financial year amounting to just over £30 million.
Alf Ekstrom, president and CEO of Kabe Group said: “We are very pleased to have been able to complete the acquisition of Coachman, which is a great dealwell-run company that is gradually increasing its market share in the English market. Coachman fits in well with the Kabek Group and our strategic focus.”
In a statement, Kabe described the acquisition as one which “creates opportunities for synergy effects and enables deeper collaborations in terms of sales, product development and purchasing, as well as the exchange of production technology. The acquisition strengthens KABE's position in the premium segment and becomes a stronger international group. The current management of Coachman will continue to lead the company.”
A day of all things motorhome and campervan. The show is held both in the main indoor arena and across the grounds. Catering, hot drinks and food options are available. Easy access to the site and free parking included. Win one of five pairs of day tickets
