Thule Group completed the acquisition of Quad Lock for AUD500m.

Thule Group, a global sports and outdoor company, completed the acquisition of Quad Lock, a company that designs and manufactures innovative functional protective cases for mobile devices, for AUD500m ($324m). "We are excited to become part of the Thule Group. It's striking how similar our brands and cultures are. Like Thule, we focus on high-quality products that can withstand harsh conditions and are appreciated by customers who love adventure. This market is growing rapidly, and we look forward to tackling the many growth opportunities together. As a management team, we also appreciate becoming Thule shareholders as part of this transaction and getting the opportunity to take part in the future value creation of our combined companies,” Andrew Poole, Quad Lock CEO.