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Polaris Acquires Hammerhead Off-Road Vehicles Business

Feb 18, 2015 - 7:26 PM - by NickJ

Expertise in Light Utility Vehicles and Go-Karts Complements Polaris’ Existing Product Portfolio

MINNEAPOLIS (February 18, 2015) —Polaris Industries Inc. (NYSE: PII) today announced it has signed an agreement to acquire HH Investment Limited (”Hammerhead”). Hammerhead manufactures gasoline powered go-karts, light utility vehicles, and electric utility vehicles in Shanghai, China. The Company markets its products globally under the Hammerhead Offroad® brand, along with maintaining key private label relationships with other OEMs. The transaction is expected to close within the next 90 days. The terms of the pending transaction were not disclosed.

“Hammerhead provides Polaris with a unique opportunity to expand both our international manufacturing footprint and our armada of off-road products,” said Scott Wine, Polaris Chairman and CEO. “We are impressed by the entrepreneurial spirit and passion for innovation of the Hammerhead team, and look forward to pursuing new customers in new markets with their high-quality and low-cost off-road vehicles. We are excited to establish Polaris’ operational footprint in China and believe the opportunities for further international growth are significant.”

Hammerhead’s main manufacturing operation is located in Shanghai, China, near Polaris’ Chinese subsidiary. Hammerhead also has an operation located north of Dallas, Texas responsible for light assembly and sales distribution of its products in North America. Hammerhead will continue to market its products under the Hammerhead brand and operate under its current leadership structure as a stand-alone entity.

“I am thrilled at the opportunity to make Hammerhead a part of Polaris and its growing portfolio of global brands,” said Jerry Qiu, Chairman of Hammerhead. “I am very proud of what we have built at Hammerhead. We share the same enthusiasm and passion for off-road vehicles as Polaris and look forward to sharing our mutual expertise as we take our products, engineering and manufacturing skills to the next level.”
  1 Reply | 272 Views

Polaris Acquires Electric Motorcycle Business from Brammo

Jan 15, 2015 - 10:05 PM - by dascrow

MINNEAPOLIS — Polaris Industries Inc. (NYSE: PII) today announced it has acquired the electric motorcycle business of Brammo Inc. In addition, Polaris is acting as a leading investor in a recapitalization of Brammo that enables the company to focus exclusively on the design, development and integration of electric vehicle powertrains.

Going forward, the two companies will leverage Polaris’ leading position in the global powersports industry to market a variety of electric vehicles utilizing Brammo’s award winning lithium-ion electric drivetrain technology, while freeing Brammo to continue developing its innovative electric vehicle powertrains. Brammo supplies these products, including the Brammo Power™ battery pack and Brammo Power™ vehicle management systems, globally to a wide range of OEMs. As part of this transaction, Polaris will utilize the assets acquired to begin manufacturing electric motorcycles in the second half of 2015 at its Spirit Lake, IA facility.

“We have enjoyed our involvement with Brammo Motorcycles over the past three years, and our excitement about their industry-leading lithium-ion electric drivetrain technology has increased commensurate with their improvements in cost and performance. Polaris and Brammo share a goal of adding the most advanced and highest capability electric solutions to Polaris’ portfolio of leading powersports products,” said Scott Wine, Polaris Chairman and CEO. The agreement allows both companies to be more agile during the development cycle with clear accountability toward selling products that exemplify Polaris’ standard for delivering world class vehicles.

Polaris has been a strategic investor and partner with Brammo since 2011. During that time, the companies have collaborated on a number of projects in motorcycles, off-road and on-road vehicles. “Today’s announcement strengthens not only Polaris’ commitment to bringing our consumers lithium-ion electric solutions, but also this partnership’s ability to continue innovating and developing leading electric drivetrain technology,” said Wine. “We anticipate a return on these investments and believe the new alignment brings us that much closer to delivering world-class electric solutions across our products.”

Brammo has designed and developed numerous electric vehicles, including the award-winning Enertia and Empulse motorcycles. Testifying to its capabilities and technology, Brammo motorcycles have won a number of awards including: 2013 Playboy “Motorcycle of Year” and “Best Electric” (Empulse R), 2012 GQ “Best Stuff of the Year” (Empulse), 2011 Popular Science “Best of What’s New” (Empulse), 2011 *************** “Best of 2011” and a 2010 Silver Edison Award. In addition, Brammo’s motorcycles have won numerous racing championships including the 2013 FIM eRR North American World Cup Champion and 2012 TTXGP World Championship.

About Polaris
Polaris is a recognized leader in the powersports industry with annual 2013 sales of $3.8 billion. Polaris designs, engineers, manufactures and markets innovative, high quality off-road vehicles, including... [Read More]
  0 Replies | 803 Views

The Ultimate American Rodeo Giveaway

Jan 09, 2015 - 6:22 PM - by NickJ
Name:  RANGERGiveaway.png
Views: 28655
Size:  259.8 KB

Polaris is excited for RFD-TV's The American as their RANGER line is the title presenter, and they have teamed up with great partners to bring you the Ultimate American Rodeo Giveaway.

Head to their Facebook page and enter now for your chance to win one of five great prize packages, including a RANGER®.

• 2015 Polaris RANGER XP® 900

• 4 pairs of boots and 12 pairs of jeans from Ariat®

• 1 year supply of Cinch® clothing: 12 shirts and 12 pairs of jeans

• $1,000 Browning® gift certificate

• Classic Equine® luggage package

Click on through to enter to win!
  0 Replies | 367 Views

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