Gimv completed the investment in Joolz and Bugaboo.

Gimv, a Belgian European investment company, completed the investment in Joolz and Bugaboo, two baby strollers and juvenile consumer durables company. Financial terms were not disclosed. “At Gimv Consumer, we are very pleased to reinvest in the recently announced partnership between Bugaboo and Joolz. We firmly believe in the strength of these two exceptional and highly complementary brands. Together, Bugaboo and Joolz will form a unique platform in the juvenile category, enabling both companies to accelerate their growth and fully realize their potential. We look forward to supporting management on their journey, driving growth and innovation in the fragmented global stroller market," Patrick Franken and Jelle Assink, Gimv Partner and Principal at Consumer.