Thule Group has acquired the leading Dutch childbikeseat company GMG B.V.
Thule Group has acquired the Dutch company GMG B.V., the leading company in child bike seats in the BeNeLux markets. GMG B.V. had sales of 6.1 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