Brief: Thule Group Acquires Quad Lock

Thule AB

11/11/2024 06:47

Nov 11 (Reuters) - Thule Group AB  THULE.ST :
    * ACQUIRES QUAD LOCK, THE GLOBAL MARKET LEADER IN
PERFORMANCE
PHONE MOUNTS
    * PURCHASE PRICE AUD 500 MILLION, APPROXIMATELY SEK 3.6
BILLION
    * ACQUISITION EXPECTED TO BE ACCRETIVE TO THULE'S EPS, EBIT
MARGIN
    * ACQUISITION CONDITIONAL ON REGULATORY APPROVAL, EXPECTED
TO
CLOSE Q4 2024
    * TRANSACTION FINANCED THROUGH CASH, CREDIT, AND NEW SHARES

Source text:  ID:nMFN7rz9Xm 
Further company coverage:  THULE.ST 

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