Thule
Sector/industry:
Sports utility transportation
Company description:
Thule is the world leader within Sports Utility Transportation delivering sport utility transportation solutions. Thule has a world-leading position in all business segments and over 30 production and sales locations on all major car markets in North America, Europe, Africa and Asia. The product portfolio comprises load carriers for cars such as rooftop boxes, roof rails and bike carriers. Additionally, the company offers snow chains, trailers, towing systems as well as accessories for motor homes and caravans.

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 has been on cost reduction together with gaining market shares in selected business areas.

Management: Anders Pettersson, CEO
Ulf Berghult, CFO
Board of Directors: Roger Holtback (Chairman)
Ulf Rosberg
Hans Eckerström
Anders Pettersson
Åke Skeppner
Johan Sylvén
Key Information
Revenues 2008: EUR 560 million
Employees: 4,000
Ownership: Nordic Capital Fund VI, controlling shareholding
Date of investment: 2007
Head office: Malmö, Sweden
Web: www.thule.com