Consett motorhome manufacturer acquired by European leader Erwin Hymer
Consett-based manufacturer of motorhomes and caravans The Explorer Group Ltd, which employs 400 people, has been acquired by European motorhome leader The Erwin Hymer Group and London-based investment company Constantine.
Snapped up for an undisclosed sum, The Explorer Group will now trade as Erwin Hymer Group UK Ltd, with MD Robert Quine retaining his position as the firm’s Managing Director.
Founded in the mid-1960s, the business has established itself as a UK industry leader with a motorhome market share of 11% and a touring caravan market share of 17%.
Erwin Hymer reported that it now plans to increase its market position in the UK following the deal.
Martin Brandt, CEO of Erwin Hymer Group, explained: “By acquiring The Explorer Group Ltd., we are strengthening our involvement in the UK.
“As the leading European manufacturer, we see strategic opportunities in the second largest European caravanning market.
“Our aim is to further expand our strong position in Europe and to become a global supplier of high-quality motorhomes and caravans.”
Rob Quine added: “We’re all really looking forward to becoming part of the Erwin Hymer Group.
“It is fantastic that a successful organisation like the Erwin Hymer Group is investing in our future.
“As a new member of the Erwin Hymer Group, we will have access to unique know-how and expertise. We will exploit this strategic opportunity to create permanent added value for our customers.”
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