Thule Group
{{short description|Swedish company}}
{{distinguish|Thule Society}}
{{Third-party|date=December 2020}}
{{Infobox company
| name = Thule Group AB
| logo = Thule_Group_logo.svg
| type = Aktiebolag
| traded_as = {{OMX|SSE104058|THULE}}
| image = Thule Concept Store.JPG
| image_size =
| image_alt =
| image_caption = Thule Concept Store in Malmö, Sweden
| foundation = Hillerstorp, Småland, Sweden (1942)
| founder =
| location = Malmö, Sweden Seymour, Ct
| area_served = Worldwide
| key_people = Bengt Baron
{{small|(Board Member)}}
| industry = Consumer goods
| products = Car roof boxes, roof racks, bike racks, laptop and camera bags and backpacks
| revenue = SEK 5,320 million (2015)
| operating_income = SEK 825 million (2015)
| net_income = SEK 587 million (2015)
| assets = SEK 6,899 million (2015)
| equity = SEK 3,228 million (2015)
| num_employees = 2,200 (September 2014){{cite web|url=http://www.thulegroup.com/sites/default/files/thule_group_ab_publ_-_eng_prospectus.pdf|title=Thule Group IPO Prospectus 2014|publisher=|archive-url=https://web.archive.org/web/20160129213338/http://www.thulegroup.com/sites/default/files/thule_group_ab_publ_-_eng_prospectus.pdf|archive-date=2016-01-29|url-status=dead}}
| subsid =
| homepage = [http://www.thulegroup.com/ ThuleGroup.com]
[http://www.thule.com/ Thule.com]
}}
Thule Group AB ({{IPAc-en|ˈ|t|uː|l|iː}}) 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
{{Update|date=March 2023}}
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 {{AUD|link=yes|500 million}}.{{Cite web |last=Catterson |first=Rosalea |date=2024-11-12 |title=Quad Lock Acquired for $500m |url=https://powerretail.com.au/quad-lock-acquired-for-500m/ |access-date=2024-11-13 |website=Power Retail |language=en-AU}}
Products
Thule is the largest and most well-known of the brands that make up the group.{{cite web|url=https://www.thulegroup.com/en/thule|title=Thule|website=Thule Group|access-date=2019-05-27|archive-date=2020-12-28|archive-url=https://web.archive.org/web/20201228185707/https://www.thulegroup.com/en|url-status=live}} 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,{{cite web|url=https://www.caselogic.com/en-us/us|title=Camera Bags - Tablet Cases - Laptop Cases - DVD/CD Cases - Case Logic - Case Logic|website=www.caselogic.com|access-date=2019-05-27|archive-date=2020-12-28|archive-url=https://web.archive.org/web/20201228185708/https://www.caselogic.com/en-us|url-status=live}} SportRack Inc.,{{cite web|url=http://www.sportrack.com/|title=- SportRack US|website=www.sportrack.com|access-date=2016-09-23|archive-date=2020-12-28|archive-url=https://web.archive.org/web/20201228185708/https://www.sportrack.com/|url-status=live}} the Canadian brand Chariot,{{cite web|url=https://www.thule.com/en-us/us/bike-trailers/multisport-trailers|title=Multisport and bike trailers|website=Thule}} the Dutch company Yepp{{cite web|url=http://www.yepp.nl/nl/|title=Yepp|website=www.yepp.nl}} and the Californian company Tepui.{{cite web|url=https://tepui.com/|title=Tepui Rooftop Tents - Quality Car Camping|website=Tepui Tents - Rooftop Tents for Cars and Trucks|access-date=2019-01-20|archive-date=2020-12-28|archive-url=https://web.archive.org/web/20201228185710/https://tepui.com/|url-status=live}}{{cite web |url=https://www.snewsnet.com/news/thule-acquires-tepui |title=Thule Group acquires Tepui Outdoors |last= |first= |date=Dec 18, 2018 |website= |publisher=SNEWS |access-date=Jan 6, 2019 |quote= |archive-date=December 28, 2020 |archive-url=https://web.archive.org/web/20201228185709/https://www.snewsnet.com/news/thule-acquires-tepui |url-status=live }}
File:Bike_carrier_on_Raglan_bus.jpg GoBus in 2017]]
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{{cite web|url=https://www.sportworks.com/about-sportworks|title=About Sportworks|last=Sportworks|date=27 May 2019|website=Sportworks|access-date=27 May 2019|archive-date=28 December 2020|archive-url=https://web.archive.org/web/20201228185736/https://www.sportworks.com/about-sportworks|url-status=live}}
- 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.{{cite web|url=https://www.eniro.se/thule-store/16682015/firma|title=Thule Store, MALMÖ - Företaget - eniro.se|website=www.eniro.se|access-date=2019-05-27|archive-date=2020-12-28|archive-url=https://web.archive.org/web/20201228185726/https://www.eniro.se/thule-store/16682015/firma|url-status=live}}
- 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){{cite web |url=http://www.thulegroup.com/en/content/thule-group-has-acquired-leading-dutch-childbikeseat-company-gmg-bv |title=Thule Group acquires the Dutch child bike seat company GMG B.V. |last= |first= |date=Jul 5, 2016 |website= |publisher=Thule Group |access-date=Jan 6, 2019|quote=}}
- 2017 – UWS is divested{{cite web |url=http://www.thulegroup.com/en/content/strategic-review-specialty-segment-completed-business-related-pick-truck-tool-boxes-be |title=Strategic review of the Specialty segment completed - the business related to pick-up truck tool boxes to be divested |last= |first= |date=Feb 10, 2017 |website= |publisher=Thule Group |access-date=Jan 6, 2019|quote=}}
- 2018 (Feb) – Opening of Thule Store in Stockholm{{cite web |url=https://resfredag.se/thule-store/ |title=Thule Store: premiäröppning i Stockholm |last= |first= |date=Feb 17, 2018 |website= |publisher=RESFREDAG |language=sv |access-date=Jan 6, 2019 |quote= |archive-date=December 28, 2020 |archive-url=https://web.archive.org/web/20201228185727/https://resfredag.se/thule-store/ |url-status=live }}
- 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
{{reflist}}
External links
- {{Official website|https://www.thulegroup.com/|Thule Group website}}
- {{Official website|https://www.thule.com/|Thule consumer website}}
Category:Manufacturing companies of Sweden
Category:Manufacturing companies established in 1942
Category:Companies based in Malmö