Street Talk can reveal ASX-listed Camplify has agreed a €30 million ($43.8 million) deal to acquire PaulCamper, and will use company’s scrip to fund the majority of it.
The acquisition would give Australia’s Camplify instant access to European RV bookings, and particularly in Germany, Netherlands, Austria and the UK, taking its footprint to seven markets.PaulCamper’s forecast to oversee 43,500 bookings in the 2022 calendar year for $58 million in gross transaction value. [Camplify had $53.6 million transaction value and 39,830 bookings in the 2022 financial year].
Camplify will also acquire PaulCamper’s insurance subsidiary, which acts as a broker and appointed representative of Allianz and Allianz Partners.
Camplify has a great track record of buying NZ assets previously. This acquisition seems a bit big, and I am not sure about the price yet. Let's wait for more details to be revealed.
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