VALCOURT, QC, Oct. 3, 2022
/CNW Telbec/ - BRP Inc. (TSX:DOO) (NASDAQ:DOOO) announces that it
has completed the previously announced acquisition of substantially
all the assets related to the powersports business of Kongsberg
Inc. in Shawinigan, Quebec
(henceforth referred to as "KA Shawinigan"), a subsidiary of Kongsberg
Automotive ASA.
KA Shawinigan is a leading
player in the development and manufacturing of electronic and
mechatronic products and a long-standing supplier of BRP. This
acquisition is in line with BRP's product strategy, particularly as
it relates to its electrification plan. It is expected to allow the
Company to gain further expertise in mechatronics and bolster its
innovation capabilities.
BRP is pleased to welcome over 300 highly trained and skilled
employees, specialized in developing and manufacturing key
components for many of its product lines.
CAUTION CONCERNING FORWARD-LOOKING
STATEMENTS
Certain information included in this release, including, but not
limited to, statements relating to the anticipated benefits
associated with the completion of this acquisition, the Company's
business and strategic plans, and other statements that are not
historical facts, are "forward-looking statements" within the
meaning of Canadian and United
States securities laws. Forward-looking statements are
typically identified by the use of terminology such as "may",
"will", "would", "should", "could", "expects", "forecasts",
"plans", "intends", "trends", "indications", "anticipates",
"believes", "estimates", "outlook", "predicts", "projects",
"likely" or "potential" or the negative or other variations of
these words or other comparable words or phrases. Forward looking
statements, by their very nature, involve inherent risks and
uncertainties and are based on several assumptions, both general
and specific. BRP cautions that its assumptions may not materialize
and that current economic conditions render such assumptions,
although reasonable at the time they were made, subject to greater
uncertainty. Such forward-looking statements are not guarantees of
future performance and involve known and unknown risks,
uncertainties and other factors which may cause the actual results
or performance of BRP to be materially different from the outlook
or any future results or performance implied by such statements.
Further details and descriptions of these and other factors are
disclosed in BRP's annual information form dated March 24, 2022.
About BRP
We are a global leader in the world of powersports products,
propulsion systems and boats built on 80 years of ingenuity and
intensive consumer focus. Our portfolio of industry-leading and
distinctive products includes Ski-Doo and Lynx snowmobiles, Sea-Doo
watercraft and pontoons, Can-Am on and off-road vehicles,
Alumacraft and Quintrex boats, Manitou pontoons and Rotax marine propulsion
systems as well as Rotax engines for karts and recreational
aircraft. We complete our lines of products with a dedicated parts,
accessories and apparel portfolio to fully enhance the riding
experience. With annual sales of CA$7.6 billion from over 120
countries, our global workforce includes close to 20,000 driven,
resourceful people.
www.brp.com
@BRPNews
Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Alumacraft, Manitou, Quintrex, and the BRP logo are
trademarks of Bombardier Recreational Products Inc. or its
affiliates. All other trademarks are the property of their
respective owners.
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SOURCE BRP Inc.