Please select your home edition
Edition
Selden 2020 - LEADERBOARD

BRP Mégatech Inc. announces major investments

by BRP 17 Jan 2023 15:23 PST
(Left to Right): Martin Langelier, Michael Long, François-Philippe Champagne, Marie-Louise Tardif, Michel Angers and Luc St-Pierre gather on January 16, 2023 to celebrate the official inauguration of BRP Megatech in Shawinigan, Quebec © BRP

Les Industries BRP Mégatech Inc. (" BRP Megatech "), a subsidiary of BRP Inc. (TSX: DOO) (NASDAQ: DOOO), invited representatives from Shawinigan's economic and community-based organizations to its official inauguration this morning.

BRP Megatech took the opportunity to announce major investments totalling more than $12 million for technological improvements to production lines, testing equipment and R&D laboratories, as well as the optimization of its facility.

The subsidiary was established in October 2022 as a result of BRP's acquisition of substantially all the assets related to the powersports business of Kongsberg Inc. in Shawinigan. The name pays tribute to the business founded in 1988 under the name Megatech Electro. BRP Megatech specializes in the development and manufacturing of electronic and mechatronic products, thus enhancing BRP's renowned innovation capabilities. BRP Megatech will play a leading role in the global electrification strategy of BRP's various product lines.

"With this acquisition and the upcoming investments, BRP Megatech is proud to become one of the largest private employers in Shawinigan. We want to put down more roots in the community in the months and years to come and, thanks to the know-how and excellence of the people from here, contribute to the economic vitality of the region," says Michael Long, Vice-President, Global Manufacturing Systems, Technology and Quality Strategy?at BRP.

Approximately 360 highly qualified individuals are employed by BRP Megatech, including more than 150 employees who joined the team in the last year. BRP Megatech is looking to hire at least 50 more professionals, including electrical engineers. It also plans to hire more people this year to support its growth.

"Our government is proud to collaborate with local companies to strengthen our position as a world leader in electric vehicle manufacturing, while maintaining and creating quality jobs. BRP Megatech's investment is an important part of our efforts to ensure that the Mauricie region participates fully in the new green economy by capitalizing on the talent of local people. With this announcement, the Mauricie region continues to consolidate its reputation as the valley of green energy and batteries!" declared François-Philippe Champagne, Member of Parliament for St-Maurice?Champlain, and Minister of Innovation, Science and Industry, present this morning at the inauguration.

Marie-Louise Tardif, Member of the National Assembly for Laviolette?Saint-Maurice, paid homage to the work of BRP Megatech: "On my behalf and that of the Quebec government, I am delighted to see that the Grand-Mère plant is once again owned by a company from the province. Furthermore, BRP has been working with Megatech for more than 30 years. I am convinced that BRP Megatech will reach new heights. I would also like to recognize the professionalism and dedication of its 360 employees."

"The official inauguration of BRP Megatech, as well as the investment announced, and the creation of new jobs is excellent news to kick off the new year. We are proud to see that major companies are choosing Shawinigan to develop their activities. Shawinigan has also made a significant contribution to Quebec's energy development. We have the firm intention to be a major player in the province's energy transition," mentioned Michel Angers, Mayor of Shawinigan.?

BRP Megatech will continue to work collaboratively with local social, political and economic actors.

Related Articles

BRP to present first quarter FY2025 results
Holding annual meeting of shareholders on May 31, 2024 BRP Inc. will hold its first quarter FY2025 financial results conference call on Friday, May 31, 2024, followed by its Annual Meeting of Shareholders ("the Meeting") conducted by live webcast. Posted on 10 May
BRP wins "Successful Business Strategy" award
The award was presented at the Gala Les Mercuriades ceremony BRP Inc. (TSX:DOO; NASDAQ:DOOO) is proud to have won the "Successful Business Strategy - Large Company" award at the 44th edition of the Mercuriades business competition organized by the Fédération des chambres de commerce du Québec (FCCQ). Posted on 8 May
BRP reports 4th quarter and full-year 2024 results
Revenues of $2691.8 million, a decrease of $384.5 million or 12.5% compared to same period last year BRP Inc. today reported its financial results for the three-month and twelve-month periods ended January 31, 2024. All financial information is in Canadian dollars unless otherwise noted. Posted on 29 Mar
BRP to present its Q4 results for fiscal year 2024
Holding its Q4 FY24 financial results conference call on March 28, 2024 BRP Inc. (TSX:DOO; NASDAQ:DOOO) will hold its fourth quarter FY24 financial results conference call on Thursday, March 28, 2024. Posted on 8 Mar
BRP closed out 2023 with a flurry of design awards
Continuing to stand out with its innovative and trend-setting designs BRP Inc., a global leader in the world of powersports products and boats, continues to stand out with its innovative and trend-setting designs with five Good Design USA awards, which celebrate and reward products with the most iconic contemporary designs. Posted on 28 Feb
BRP announces organizational structure changes
And related executive leadership appointments BRP Inc. announces today some changes to its Powersports and Marine organizational structures aiming at maximizing efficiencies and operational excellence, while leveraging its leaders' expertise to better position the Company for long-term growth. Posted on 18 Jan
BRP presents 3rd quarter results for 2024
Revenues of $2,467.8 million, a decrease of $241.5 million compared to the same period last year BRP Inc. (TSX:DOO; NASDAQ:DOOO) today reported its financial results for the three- and nine-month periods ended October 31, 2023. Posted on 1 Dec 2023
BRP to present its Q3 results for Fiscal Year 2024
Conference call on Thursday, November 30th, 2023 BRP Inc. (TSX:DOO; NASDAQ:DOOO) will hold its third quarter FY24 financial results conference call on Thursday, November 30th, 2023. Posted on 14 Nov 2023
BRP presents Q2 results for 2024
Revenues of $2,778.0 million, up 14% compared to the same period last year North American Powersports retail sales grew by 41% compared to the same period last year, once again outperforming the industry and achieving record highs in terms of market share for PWC, ATV and SSV. Posted on 8 Sep 2023
Revving up the waves
Sea-Doo and Manitou push innovation and rider experience BRP Inc. (TSX: DOO; NASDAQ: DOOO) continues to push the boundaries to create unforgettable memories on water, with the model year 2024 Sea-Doo and Manitou product lineups. Posted on 21 Aug 2023
2024 fill-in (bottom)J Composites J/45Cyclops Marine 2023 November - FOOTER