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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[SUP]®[/SUP] 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.”



 

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Interesting, Polaris sure is buying up a lot of companies lately. I saw a couple of those hammerhead go carts several years ago at an outdoors show, looked like decent little units for what they were.
 

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Not happy with Polaris buying Hammerhead since its a Foreign owned company. Your tax dollars are going overseas not to the USA.
What tax dollars? Now Hammerhead is an American owned company. Yes, the product is made outside of the United States, but it was before. At least the profits come back here to be spent here. The same people that would buy the Hammerhead still will regardless.
 

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People can think what they want, it's still an American company buying and not the other way around.
I agree.......MUCH better than vice versa. Sure, some money went to the Chinese for the acquisition, but now the profits will be coming here.:cool:
 

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This allows. POLARIS to become a global company, headquartered in the US. Plus, this acquisition includes a light assembly and distribution center, near Dallas . Hammerhead/Polaris will be expanding its market, and variety of vehicles . Sounds good to me .What US company that is for sale did you have in mind ?
 
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