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Cyclops Marine 2023 November - LEADERBOARD

BRP completes the acquisition of the Shawinigan Operations of Kongsberg Inc.

by BRP 4 Oct 2022 12:54 PDT
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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.

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