Nordic Business Report-May 18, 2006-Thule AB acquires Brink International BV, Valley Industries and SportRack Accessories
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The Swedish trailers and car rack systems maker Thule AB said on Thursday (18 May) that it has agreed to acquire Brink International BV, Valley Industries and SportRack Accessories from US group Advanced Accessory Systems LLC.
No financial details were disclosed.
Brink International and Valley Industries provide towbars for the European and North American markets, respectively, while SportRack Accessories offers load carriers and rooftop boxes for the Canadian market.
The companies have a total of 1,400 employees and combined annual sales of EUR197m.
One euro (EUR) is worth approximately 0.69 British pounds (GBP).
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