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Thule Group completes the acquisition of Quad Lock

On November 11, 2024, Thule Group announced the acquisition of Quad Lock, the global market leader in performance phone mount solutions, giving cyclists, motorcyclists, and other adventurers access to their mobile phones while being active. The acquisition was subject to regulatory approval from the Australian Foreign Investment Review Board, which now has been obtained. The acquisition has today been completed and Quad Lock is part of Thule Group as of December 4, 2024.

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Thule Group acquires Quad Lock, the global market leader in performance phone mounts

Thule Group has signed an agreement to acquire Quad Lock, the global market leader in performance phone mount solutions, giving cyclists, motorcyclists and other adventurers access to their mobile phones while being active. Quad Lock has a turnover of SEK 1.4 billion with a 25 percent EBITDA margin, and fits well with Thule’s brand and strategy of developing market-leading positions in attractive niches. The purchase price amounts to AUD 500 million, or approximately SEK 3.6 billion, which corresponds to a multiple of 10x EBITDA.

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Thule Groups’ CEO and President, Mattias Ankarberg, comments on the third quarter, 2024

GOOD QUARTER IN A CHALLENGING MARKETWe had a good third quarter of the year. Sales increased, profitability was good and the cash flow reached a record high level. Our many new products continue to drive growth and the work to build market positions in the new categories continues as planned.Sales in the third quarter increased

Thule Groups’ CEO and President, Mattias Ankarberg, comments on the third quarter, 2024 Read More »

Thule Group – Interim report, third quarter, July – September 2024

Net sales for the quarter amounted to SEK 2,344m (2,311), corresponding to an increase of 1.4 percent. Adjusted for exchange rate fluctuations and acquisitions, sales increased 4.4 percent. Operating income for the quarter amounted to SEK 413m (359), corresponding to a margin of 17.6 percent (15.5). Net income for the quarter was SEK 300m (262).

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Thule Groups’ (publ) CEO and President, Mattias Ankarberg, comments on the second quarter, 2024

STRONG PROFITABILITY EVEN WITH MAJOR INVESTMENTSNew Thule products continued to drive growth in the second quarter despite tough market conditions, and profitability was good even with major investments in future growth. The new product categories of dog transportation and car seats, which have been under development for several years, have now been launched and have

Thule Groups’ (publ) CEO and President, Mattias Ankarberg, comments on the second quarter, 2024 Read More »

Maria Montgomery
Project manager
+46 707 57 84 85
maria@vero.se

Maria has been a project manager at Vero since 2021, focusing primarily on strategic communication consulting. She has led assignments in crisis communication, corporate acquisitions, and has served as the communications manager for both publicly listed and private companies.

Previously, Maria worked as a communications strategist at the City of Stockholm, specializing in change management, project management, social media, web, events, and media relations. She holds a degree in Strategic Communication from Lund University and has completed project management training at Berghs School of Communication.

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