About Thule Group
Thule Group is a company based in Malmo (Sweden) founded in 1942.. The company has 2,910 employees as of December 31, 2024. Thule Group has completed 4 acquisitions, including QuadLockCase, Snopro and SportRack. Thule Group offers products and services including Outdoor Products and Case Logic. Thule Group operates in a competitive market with competitors including DometicGroup, Axentia, Mont Blanc Group, Work System and Prestando, among others.
- Headquarter Malmo, Sweden
- Employees 2910 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Thule Group Ab
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Annual Revenue
$864.92 M (USD)4.48as on Dec 31, 2024
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Net Profit
$101.54 M (USD)2.09as on Dec 31, 2024
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EBITDA
$163.19 M (USD)2.27as on Dec 31, 2024
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Latest Funding Round
$504.88 K (USD), Grant
Sep 01, 2011
- Investors
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Employee Count
2910
as on Dec 31, 2024
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Investments & Acquisitions
QuadLockCase
& 3 more
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IPO & Listings of Thule Group
Thule Group is a publicly listed company on the OMXSTO with ticker symbol THULE in Sweden, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Thule Group
Thule Group offers a comprehensive portfolio of products and services, including Outdoor Products and Case Logic. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Gear for active families and outdoor enthusiasts.
Brand offering bags and cases for daily use.
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Sales and Marketing
52 people
Product Management Team
34 people
Creative and Marketing Team
32 people
Software Development Team
23 people
Leadership Team
14 people
Human Resources and Administration
9 people
Project Team
6 people
Finance and Accounting
5 people
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Funding Insights of Thule Group
- Total Funding Total Funding
- Total Rounds 4
- Last Round Grant — $504,884
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First Round
First Round
(16 Dec 2009)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2011 | Amount | Grant - Thule Group | Valuation |
investors |
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| Aug, 2011 | Amount | Grant - Thule Group | Valuation |
investors |
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| Jan, 2010 | Amount | Grant - Thule Group | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Thule Group
Thule Group has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include National Science Foundation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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A government-backed foundation providing seed-stage investments to support small businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Thule Group
Thule Group has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include QuadLockCase, Snopro and SportRack. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Mounting solutions and protective cases for mobile devices are manufactured.
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2012 | ||||
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Rooftop tents for vehicles are manufactured and supplied.
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2011 | ||||
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Manufacturer of vehicles
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Thule Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Thule Group Comparisons
Competitors of Thule Group
Thule Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DometicGroup, Axentia, Mont Blanc Group, Work System and Prestando, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
DometicGroup | Dometicgroup United States
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| domain | founded_year | HQ Location |
Display systems for public transport are manufactured by Axentia.
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| domain | founded_year | HQ Location |
Manufacturer of roof racks, bike carriers, and cargo boxes
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| domain | founded_year | HQ Location |
Offers van racking, storage systems, and accessories for commercial vehicles.
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| domain | founded_year | HQ Location |
Produces high-quality automotive parts and accessories.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Thule Group
Frequently Asked Questions about Thule Group
When was Thule Group founded?
Thule Group was founded in 1942 and raised its 1st funding round 67 years after it was founded.
Where is Thule Group located?
Thule Group is headquartered in Malmo, Sweden.
How many employees does Thule Group have?
As of Dec 31, 2024, the latest employee count at Thule Group is 2,910.
What is the annual revenue of Thule Group?
Annual revenue of Thule Group is $864.92M as on Dec 31, 2024.
What does Thule Group do?
Thule Group was established in 1942 in Malmö, Sweden. Automotive body parts, including roof racks and roof boxes, are produced, supplied, and exported by the company. Operations center on the manufacturing of car components within the automotive sector. Focus is placed on quality production for vehicle accessories, serving global markets from the Swedish base.
Who are the top competitors of Thule Group?
Thule Group's top competitors include DometicGroup, Axentia and Mont Blanc Group.
What products or services does Thule Group offer?
Thule Group offers Outdoor Products and Case Logic.
Is Thule Group publicly traded?
Yes, Thule Group is publicly traded on OMXSTO under the ticker symbol THULE.
How many acquisitions has Thule Group made?
Thule Group has made 4 acquisitions, including QuadLockCase, Snopro, and SportRack.
Who are Thule Group's investors?
Thule Group has 1 investor. Key investors include National Science Foundation.
What is Thule Group's ticker symbol?
The ticker symbol of Thule Group is THULE on OMXSTO.
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