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Thor To Acquire Erwin Hymer Group - Quick Facts

Thor Industries, Inc. (THO) and the shareholders of Erwin Hymer Group SE announced a definitive agreement for Thor to acquire Erwin Hymer Group for an enterprise value of approximately 2.1 billion euros. Equity consideration will consist of approximately 2.3 million shares of Thor.

Thor expects the transaction to be accretive to earnings in the first year, before taking into account anticipated synergies, purchase accounting adjustments and transaction-related expenses. Subsequent to closing, Thor intends to repurchase shares both opportunistically and systematically in order to offset the issuance of shares to the Hymer family.

Headquartered in Bad Waldsee, Germany, Erwin Hymer Group is one of the premier manufacturers of recreational vehicles in the European market. Martin Brandt will continue to lead the Erwin Hymer Group business post-closing as its CEO.

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