Thule Group buys Dutch child seat brand

By Stephen Frothingham

STOCKHOLM (BRAIN) — Thule Group has acquired the Dutch company GMG B.V., a child bike seat brand that sells in the Benlux market.

GMG B.V. had sales of 6.1 million euros ($6.8 million) in 2015, mostly 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 …read more

Via:: Bicycle Retailer and Industry News