Thule Group - M&A Summary and Business Overview

Consumer ProductsCompany

Thule Group M&A Summary

Thule Group has acquired 8 companies. A total of 4 acquisitions came from private equity firms. It has also divested 3 assets.

Thule Group’s largest acquisition to date was in 2016, when it acquired GMG B.V for $11M. Thule Group has acquired in 4 different US states, and 3 countries. The Company’s most targeted sectors include consumer products (34%) and automotive (17%).

Thule Group Business Overview

Where is Thule Group headquartered?

Thule Group is headquartered in Malmo, Sweden.

What is Thule Group’s revenue?

Thule Group disclosed revenue of 7,828M SEK for 2020 and 7,037M SEK for 2019.

How many employees does Thule Group have?

Thule Group has 2,600 employees.

What sector is Thule Group in?

Thule Group is a consumer products company.

When was Thule Group founded?

Thule Group was founded in 1942.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity6
    • M&A Sell Activity3
  • Total Sectors Invested 5
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 7
  • M&A Advisors 1

Thule Group

Thule Group AB

Fosievagen 13,
Malmo, 214 31
Sweden,
46 4 06 35 90 00
www.thulegroup.com

The Thule Group is designs, produces, and markets a variety of products and brands that make it easy for people to transport their equipment securely and safely. The Thule Group was formed in 1942 and is based in Malmo, Sweden.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 6 - - - - - 6
vol $11M $11M
Sell (0.0/yr) # 3 - - - - - 3
  9

Most Recent M&A

Company Date Value Type
GMG B.V 2016-07-05 11M EUR Add-on Acquisition
Zwanenburg, Netherlands
BrenderUP Group AB 2014-04-01 - Divestiture
Malmö, Sweden · www.brenderup.se
Chariot Carriers, Inc. 2011-05-31 - Add-on Acquisition
Calgary, Alberta · www.chariotcarriers.com
TracRac, Inc. 2010-11-08 - Add-on Acquisition
Fall River, Massachusetts · www.tracrac.com
Thule - Roof Rail Business 2010-09-21 - Divestiture
, Sweden
United Welding Services, Inc. 2007-09-06 - Add-on Acquisition
Perry, Florida
Case Logic Wireless, Inc. 2007-05-01 - Add-on Acquisition
Longmont, Colorado · www.caselogic.com
C&C Distributors, Inc. 2004-01-20 - Add-on Acquisition
Newport, Arkansas
Eldon Holding AB 2001-03-01 - Divestiture
Madrid, Spain · www.eldon.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Thule, Inc.    - Advanced Accessory Systems 2006-09-06 1
Seymour, Connecticut · www.thule.com Sterling Heights, Michigan · www.advancedaccessorysystems.com

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 1 (17%) - 2 (67%) -
Consumer Products 2 (33%) 11M (100%) - -
Automotive 1 (17%) - 1 (33%) -
Distribution 1 (17%) - - -
Technology Hardware 1 (17%) - - -
Total 6 $11M 3 -

By Geo

State/Country Buy Value Sell Value
United States 4 - - -
  Massachusetts 1 - - -
  Florida 1 - - -
  Colorado 1 - - -
  Arkansas 1 - - -
Sweden - - 2 -
Canada 1 - - -
  Alberta 1 - - -
Netherlands 1 11M - -
Spain - - 1 -
Domestic - - 2 (67%) -
Cross-border 6 (100%) 11M (100%) 1 (33%) -
Total 6 $11M 3 -

Top M&A Advisors

Financial Deals
Castlegreen Partners
 1

Deal Values

buy # Total
< $100M 1 $11M
TOTAL $11M
Largest GMG B.V
$11M (2016-07-05)

M&A Connections

Deals
Acquired from
Investor(s)
33%
2 (33%)
Divested to
Investor(s)
67%
2 (67%)
Strategic(s)
33%
1 (33%)

Company Summary

SECTOR

Consumer Products

Revenue

7,828   12% 2020
7,037   9% 2019
6,484   11% 2018
5,872   2017
(millions of SEK) Show More Show Less

Employees

2,600

Established

1942

Public

Stockholm Stock Exchange: THULE

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Consumer Products Companies , Sweden Companies

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