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BRP agrees to acquire Great Wall Motor Austria

Jul. 07, 2022 8:55 AM ETBRP Inc. (DOOO), DOO:CABy: Meghavi Singh, SA News Editor

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  • BRP (NASDAQ:DOOO) to acquire Kottingbrunn-based Great Wall Motor Austria GmbH, a subsidiary of Great Wall Motor based in Baoding, China for an undisclosed sum.
  • The leading EV R&D centre in Austria specializes in e-drive systems and transmissions and currently employs highly skilled individuals who will receive ongoing employment as part of this agreement.
  • The deal is subject to customary closing conditions and is expected to close by the end of Q2 this fiscal year.

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