M&A Deal Summary

Thule Group Acquires Chariot Carriers

On May 31, 2011, Thule Group acquired consumer products company Chariot Carriers

Acquisition Highlights
  • This is Thule Group’s 1st transaction in the Consumer Products sector.
  • This is Thule Group’s 1st transaction in Canada.
  • This is Thule Group’s 1st transaction in Alberta.

M&A Deal Summary
Date 2011-05-31
Target Chariot Carriers
Sector Consumer Products
Buyer(s) Thule Group
Deal Type Add-on Acquisition

Target

Chariot Carriers

Calgary, Alberta, Canada
Chariot Carriers, Inc. is a designer and developer of bicycle trailers and multi-functional child carriers.

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Buyer(S) 1

Buyer

Thule Group

Malmo, Sweden
Category Company
Founded 1942
Sector Consumer Products
Employees2,644
Revenue 9.1B SEK (2023)
DESCRIPTION
Thule Group facility in Longmont, Colorado.
Thule Group facility in Longmont, Colorado.

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.

DEAL STATS #
Overall 5 of 6
Sector (Consumer Products) 1 of 2
Type (Add-on Acquisition) 5 of 6
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-08 TracRac

Fall River, Massachusetts, United States

TracRac produces a full line of cargo management systems for pickup trucks and vans. Manufactured and assembled in USA, TracRac products are functional and packed with unique features that enable custom configurations for professional tradesmen. TracRac is division of the Thule Group.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 Brenderup Group

Malmo, Sweden

Brenderup Group is a manufacturer, distributor, and seller of trailers and load-carrying equipment for private, semi-professional, and professional areas of use. The company's product range includes leisure/professional/boat & snow trailers, roof bars, roof boxes, bike carriers, related accessories, and spare parts, and the products are used for private, professional, and semi-professional areas of use, with a focus on the Scandinavian, French, German, UK and Polish markets and additional sales in other parts of Europe. Brenderup Group was founded in 2014 and is based in Malmo, Sweden.

Sell -
Mergr

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