BRP to Acquire Kongsberg Automotive Powersport Business in Quebec.
MANews-(C)2009-2022
Canada-based manufacturing company BRP Inc. (TSX: DOO) (NASDAQ: DOOO) has entered into a definitive agreement with Kongsberg Automotive ASA and its Kongsberg Inc subsidiary to acquire substantially all the assets related to its powersports business located in Shawinigan, Quebec, the company said.
As a player in electronic and mechatronic product development and manufacturing, KA Shawinigan is a long-standing supplier of BRP.
The anticipated acquisition is subject to customary closing conditions and is expected to be completed by the end of the third quarter of this fiscal year.
BRP said it plans on providing ongoing employment to KA Shawinigan employees who are part of the acquisition and to continue the operations of this entity at its location in...
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