Business Services Industry
Candover completes acquisition of Thule AB
Nordic Business Report, Dec 17, 2004
NORDIC BUSINESS REPORT-17 December 2004-Candover completes acquisition of Thule AB(C)1994-2004 M2 COMMUNICATIONS LTD http://www.m2.com
The European private equity group Candover said on Thursday (16 December) that its acquisition of the Swedish car load carriers manufacturer Thule AB had been approved by the competition authorities in six countries, and that the deal had consequently been completed.
Candover acquired a 75% stake in Thule from the Swedish private equity company EQT for EUR465m.
The remaining 25% of the share capital is held by Thule's management.
Thule develops, manufactures and markets rooftop boxes, roof rails, bike carriers, trailers and snow chains.
One euro (EUR) is worth approximately 0.70 British pounds (GBP).
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