Thule Group's Sale of Trailer Business Gets Regulatory Approval

Thule Group said its proposed sale of its European trailer business to the investment fund Accent Equity 2012 has been cleared by Europe's anti-trust regulators.

Thule announced April 4 plans to divest the business so it could focus on its outdoor and sports products for active consumers.

The approval clears the way for Accent Equity 2012 to take over the Thule Group trailer business including productions plants, design and engineering resources and sales across Europe.

Under the motto Active Life, Simplified, the Thule Group offers products within the following segments: Outdoor&Bags (equipment and carriers for cycling, water and winter sports, roof racks, roof boxes, bike trailers, baby joggers, laptop and camera bags, backpacks and cases for mobile handheld devices) and Towing (towbars).

Thule Group has approximately 2.900 employees at more than 45 production facilities and sales offices worldwide. Sales in 2013 amounted to SEK 5.1 billion.

About Thule Group:

Thule Group is an international group of passionate people that focuses on developing safe, easy, and stylish solutions for active families, outdoor enthusiasts, and professionals to transport their gear, so that they can live their active lives in a simple way. They offer solutions for small things you carry with you, for heavier things you transport for longer distances using your car, as well as for large things you need to tow with you on a trailer. They offer solutions for you to bring with you everything you care about.

The Thule Group products are sold at more than 125 markets globally. There are approximately 2,900 employees working for the Thule Group at over 45 production and sales locations all over the world. Net sales for 2013 amounted to 5.1 Bio SEK. The Thule Group headquarters is based in Malmö, south Sweden.

By press release