The year in brief - 2016

First Quarter

Second Quarter

  • The global launch of the iconic Thule ProRide 598 roof-mounted bike carrier receives widespread attention and the product quickly becomes a consumer favorite.
  • The smart tow bar mounted Thule VeloSpace, a bike carrier designed for heavy bicycles, is launched in Europe and becomes a volume product.
  • Our warehouse for the Asian market is moved from Hong Kong to Shenzhen on the Chinese mainland.
  • A new roof box plant for the North American market opens in Chicago, USA.
  • Consolidation of the North American distribution structure begins by moving warehouses on the US West Coast to a shared distribution center.
  • The Thule T2 Pro, a test winning, hitch-mounted, bike carrier for the US market, is launched and quickly becomes a key product.
  • The launch of Thule Stir and Thule Versant, two new product families of hiking backpacks, opens up the lightweight backpack segment.
  • The company preventively recalls the Thule Sprint roof-mounted bike carrier, since there is a risk of damage to bicycles and cars under specific circumstances.
  • Nordic Capital VI/VII Outdoor, the Thule Group’s principal owner before it was listed on the stock market in November 2014, sells its remaining shareholdings. 

Third Quarter

Fourth Quarter

  • We acquire the Dutch company GMG B.V., the leading manufacturer of child bike seats in the Benelux region, and it is quickly integrated into the Thule Group’s operations.
  • We exhibit a wide range of products at the summer’s major sports and outdoor trade fairs. Some of the highlights are the Thule EasyFold XT bike carrier, Thule Chariot multisport trailer and innovative Thule Yepp Nexxt child bike seat.
  • Thule Subterra, a complete collection of bags for business travelers and a step in our Sport&Travel Bags initiative, is exhibited at the fall trade fairs and attracts a great deal of attention before being launched in stores in the spring of 2017.
  • The roof box plant in Haverhill in the UK is the last European factory to transition completely to electricity from renewable sources.
  • The Thule Urban Glide wins the prestigious DesignEuropa Awards prize, competing against companies including Alessi and Ducati in the finals.
  • The global launch of the Thule Motion XT roof box family, with new functionality and design, is the first step in a major update of Thule roof boxes, which will continue in 2017.
  • Construction begins on a second assembly plant in Poland. The plant will be fully operational in the first quarter of 2018, assembling both traditional products such as bike carriers and newer products such as child bike seats.

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