 In 1979, Thule was sold to Eldon, a company listed on the Stockholm Stock Exchange, which continued to develop the company.In 1999 Eldon was acquired by the private equity firm EQT and delisted.Thule was then sold to the UK-based private equity firm Candover in 2004, which embarked on significant M&A activity, growing the turnover more than three times, adding new product lines such as towbars, car trailers, snow chains, RV products and bags for electronic devices.