M&A Deal Summary

Thule Group Acquires GMG B.V

On July 5, 2016, Thule Group acquired consumer products company GMG B.V for 10M EUR

Acquisition Highlights
  • This is Thule Group’s 2nd transaction in the Consumer Products sector.
  • This is Thule Group’s largest (disclosed) transaction.
  • This is Thule Group’s 1st transaction in the Netherlands.

M&A Deal Summary
Date 2016-07-05
Target GMG B.V
Sector Consumer Products
Buyer(s) Thule Group
Deal Type Add-on Acquisition
Deal Value 10M EUR

Target

GMG B.V

Zwanenburg, Netherlands
GMG B.V is a manufacturer of child bike seats in the BeNeLux markets.

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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 6 of 6
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 6 of 6
Country (Netherlands) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS 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.

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