Thule
Sector/industry
Leisure, outdoor industry
The Thule Group is world leader in products and brands that make
it easy for people to transport their equipment securely, safely
and in style. Under the motto Active Life, Simplified, the Thule
Group offers products within four areas: Carry Solutions (laptop
and camera bags, backpacks, etc), Vehicle Solutions (roof racks,
bike racks, ski boxes, snow chains, etc), Work Solutions (ladder
racks, tool boxes, etc) and Towing Solutions (towbars and
trailers).
Nordic Capital Fund VI acquired Thule in 2007. During 2007, two
larger acquisitions, Case Logic and UWS both located in the US,
were made to strengthen the product offering. Focus in 2008 and
onwards has been on cost reduction together with gaining market
shares in selected business areas.
Management:
- Magnus Welander, CEO
- Lennart Mauritzson, CFO
Board of Directors:
- Stefan Jacobsson (Chairman)
- Bengt Baron
- Lilian Fossum Biner
- Hans Eckerström
- David Samuelson
- Åke Skeppner
- Lottie Svedenstedt
Key Information:
Revenues 2010*:
EUR 597 million
Employees:
2590
Ownership:
Nordic Capital Fund VI & VII
Date of investment:
2007
Head office:
Malmö, Sweden
* 2010 sales for companies still in portfolio; sales at exit for divested companies
