Thule Group acquires the leading Dutch child bike seat company GMG B.V.

Thule Group has signed an agreement to acquire the Dutch company GMG B.V., the leading company in child bike seats in the BeNeLux markets. GMG B.V. had sales of 6 MEUR in 2015, with a focus on child bike seats under the brand Yepp.

“I am happy to add the strong product assortment from GMG B.V. to our already impressive product portfolio within the Active with Kids product category. The acquisition of GMG B.V. is complementary to our existing Thule RideAlong child bike seat assortment and fits our strategy to grow in this key category with strong growth from recent launches of e.g. the Thule Glide jogging strollers and the Thule Sapling child carrier backpacks”, says Magnus Welander, CEO and President Thule Group.

GMG B.V. has operated with a lean product focused sales and marketing organization with 7 employees and office at Zwanenburg in the Netherlands.

Enquiries, please contact:
Fredrik Erlandsson
SVP Communications and Investor Relations
Tel: +46 70 309 00 21
E-mail: fredrik.erlandsson@thule.com

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About Thule Group Thule Group is a world leader in products that make it easy to bring the things you care for – easily, securely and in style – when living an active life. Under the motto Active Life, Simplified. we offer products within two segments: Outdoor&Bags (e.g. equipment for cycling-, water- and winter sports, roof boxes, bike trailers, baby joggers, laptop and camera bags, backpacks and cases for mobile handheld devices) and Specialty (pick-up truck tool boxes). Our products are sold in 139 markets globally. There are more than 2,000 of us working for Thule Group at nine production facilities and more than 35 sales locations all over the world. Net sales for 2015 amounted to 5.3 billion SEK. Thule Group is a public company listed at Nasdaq Stockholm.
For more information, please visit www.thulegroup.com