• Source: Thule Group

Thule Group AB () is a Swedish company that owns brands related to outdoor and transportation products. These include cargo carriers for automobiles and other outdoor and storage products, with 4,700 points of sale in 136 countries worldwide.




History



Thule was founded in 1942 in Hillerstorp, southern Sweden. The company grew steadily, especially in the 1960s when Thule specialized in roof racks and other automobile accessories, helping car owners bring their outdoor equipment and luggage. In 1979, Eldon, a company listed on the Stockholm Stock Exchange, purchased Thule and continued to develop the company. In 1999, the private equity firm EQT Corporation acquired and delisted Eldon. In 2004, EQT sold Thule to the UK-based private equity firm Candover, which embarked on several mergers and acquisitions, growing the turnover more than three times and adding new product lines such as towbars, car trailers, snow chains, RV products and bags for electronic devices.
In May 2007, Nordic Capital acquired Thule but restructured in December 2008 at the height of the 2007–2008 financial crisis, resulting in the lending bank consortium receiving an equity stake in the company. Nordic Capital acquired the remainder of the company in December 2010 and listed Thule on the Stockholm Stock Exchange in November 2014 through an IPO.
In November 2024, Thule acquired Australian company Quad Lock for A$500 million.




Products


Thule is the largest and most well-known of the brands that make up the group. The Thule product line includes everything from car roof boxes, bike racks, roof racks and strollers to laptop and camera bags, tablet and mobile phone cases, backpacks, luggage and rooftop tents.
The other brands that form the Thule Group brand portfolio are the US-founded cover and bag company Case Logic, SportRack Inc., the Canadian brand Chariot, the Dutch company Yepp and the Californian company Tepui.




Timeline


1962 – Introduction of Thule sport and cargo carriers
2004 – Acquisition of König (snow chains)
2005 – Acquisition of Omnistor (RV products), rebranded Thule 2009
2005 – Acquisition of Sportworks car rack product line
2007 – Acquisition of Case Logic (bags for electronic devices), premium line rebranded Thule 2010
2007 – Acquisition of UWS (work gear)
2011 – Acquisition of Chariot Carriers, rebranded Thule in 2013
2011 – Opening of Thule Store near Mobilia shopping center in Malmö, on the premises that previously housed the old stocking factory Malmö Strumpfabrik.
2013 – Introduction of Thule sport and travel bags
2014 – The towbar and trailer businesses are divested
2015 – The snow chain business (König) is divested
2016 – Acquisition of GMG B.V. (Yepp child bike seats)
2017 – UWS is divested
2018 (Feb) – Opening of Thule Store in Stockholm
2018 (Dec) – Acquisition of the North American rooftop tents company Tepui Outdoors Inc.




Corporate social responsibility


Thule Group has an annual tradition of donating backpacks and school supplies to the children of Casa de la Esperanza, a housing program for migrant farm workers and their families in the United States. Since 2010, Thule Group has been the main sponsor of RBU, Sweden's National Association for Disabled Children and Adolescents.




References






External links


Thule Group website
Thule consumer website

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