Thule Group AB
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Thule Group AB - overview
Established
1942
Location
Malmo, -, Sweden
Primary Industry
Automobiles, Other Vehicles & Parts
About
Thule Group AB, based in Sweden, designs and manufactures innovative products for outdoor enthusiasts and active families, specializing in transport solutions that enhance outdoor lifestyles. Thule Group AB is engaged in the design and manufacturing of transport solutions for outdoor activities. Founded in 1942, the company is headquartered in Malmo, Sweden. Magnus Welander is the current CEO.
In April 2016, Nordic Capital sold 10. 61 million shares in Thule Group AB at SEK 111 per share in a private placement. The company has completed a total of 12 funding rounds, with the most recent being a RESTRUCTURING round amounting to SEK 500. 000 mn, raising a total of SEK 500.
000 mn. Thule Group specializes in high-quality products designed for active families and outdoor enthusiasts. Their core range includes roof racks, bike carriers, and cargo carriers, which facilitate the transport and storage of outdoor gear for activities like biking, skiing, and camping. These products are engineered for safety and user-friendliness, appealing to customers who prioritize efficiency in their outdoor pursuits.
Thule's offerings are available globally, with a significant presence in North America, Europe, and Asia-Pacific, targeting families engaged in recreational activities. In the most recent fiscal year of 2024, Thule Group generated revenue of SEK 522188357. 9 mn and reported an EBITDA of SEK 121203712 mn. Revenue is primarily derived from direct sales and partnerships with retailers, providing a structured purchasing experience through authorized dealers and the Thule website.
Flagship products like the Thule Motion XT rooftop cargo box and the Thule T2 Pro XT bike carrier significantly contribute to revenue streams, supported by a pricing structure aligned with premium quality and innovative design. Thule Group plans to innovate with new product launches aimed at enhancing outdoor experiences, although specific release dates are yet to be disclosed. The company is also seeking to expand its footprint into emerging markets in Asia-Pacific and South America by 2025, capitalizing on the growing demand for outdoor recreation. The SEK 500.
000 mn raised during the RESTRUCTURING round will support these initiatives, focusing on product development and market expansion efforts.
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Accessories, Automobiles, Other Vehicles & Parts
Website
www.thulegroup.com/
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Thule Group AB - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Quad Lock | - | ||||||||
| Add-on, Trade Sale | Completed | United Welding Services | - | ||||||||
| Private Placement/Follow on | Completed | Thule Group AB | - | ||||||||
| Private Placement/Follow on | Completed | Thule Group AB | - | ||||||||
| Private Placement/Follow on | Completed | Thule Group AB | - |
Displaying 1 - 5 of 20
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.