Thule Group completes the divestment of the remaining part of the Specialty business
Thule Group AB (publ) has today completed the divestment of the remaining part of its Specialty business segment, the business for toolboxes for pick-up trucks, to the US company CURT Group. The divestment gives the management of Thule Group the possibility to focus further on driving growth in its core business within the Outdoor&Bags business segment.The purchase price consist of two components, an initial amount of MUSD 18 and an earn out of a maximum additional amount of MUSD 3.5 (based on the net sales for the calendar year 2018).