Wed, Oct. 12, 7:37 AM
- Polaris Industries (NYSE:PII) agrees to acquire off-road Jeep and truck accessories maker Transamerican Auto Parts for ~$665M.
- PII says Transamerican’s products and services in the off-road four-wheel-drive market fit with its off-road vehicle business.
- Privately-held Transamerican generated ~$740M in sales for the 12 months ended Sept. 30, and achieved 15% compound annual sales growth and 17% compound annual EBITDA growth during 2012-15.
Oct. 26, 2011, 2:03 PM
Polaris Industries (PII +4.3%) announces a minority investment in Brammo to help boost its electric vehicle capabilities utilizing Brammo's electric vehicle powertrain technology. The company calls the market for electric motorcycles "rapidly growing," with bikes on the market able to clocks speeds in excess of 60 mph and ranges of up to 80 miles on a single charge. Terms of the deal were undisclosed.| Oct. 26, 2011, 2:03 PM
Apr. 20, 2011, 12:57 PM
Nothing but good news in Polaris' (PII +25.4%) earnings beat, and the recreational vehicle maker's stock is soaring on multiples of normal volume. The company also raised guidance (expecting sales up 17-20% this year) and announced acquisition of iconic motorcycle brand Indian, which will operate as an independent unit.| Apr. 20, 2011, 12:57 PM | 1 Comment