Thule Group has taken over the leading Dutch supplier of child bike seats, GMG, which generated sales of €6.1 million last year, mainly with its Yepp brand. The purchase price is €10 million, free of debt and cash. Thule, which is already a strong player in the segment, says the acquisition will be complementary to its own assortment of Ride Along child bike seats. It is building it up with its recent launch of Glide jogging strollers and Sapling child carrier backpacks.
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