Thule Group said its proposed sale of its European trailer business to the investment fund Accent Equity 2012 has been cleared by Europe's anti-trust regulators.


Thule announced April 4 plans to divest the business so it could focus on its outdoor and sports products for active consumers.

The approval clears the way for Accent Equity 2012 to take over the Thule Group trailer business including productions plants, design and engineering resources and sales across Europe.

Under the motto Active Life, Simplified, the Thule Group offers products within the following segments: Outdoor&Bags (equipment and carriers for cycling, water and winter sports, roof racks, roof boxes, bike trailers, baby joggers, laptop and camera bags, backpacks and cases for mobile handheld devices) and Towing (towbars). Thule Group has approximately 2.900 employees at more than 45 production facilities and sales offices worldwide. Sales in 2013 amounted to SEK 5.1 billion.