BRP Inc. (DOOO) stock is soaring 5.03% in intraday trading on Tuesday, as investors react positively to the company's announcement of selling its Telwater business to Yamaha Motor Australia. This strategic move aligns with BRP's decision to focus on its core Powersports activities and potentially enhance its long-term success.
The definitive agreement, announced late Monday, involves the sale of 100% of the outstanding shares of Telwater Pty, Ltd. to Yamaha Motor Australia Pty Ltd., a subsidiary of Yamaha Motor Co., Ltd. Telwater, which includes renowned brands such as Quintrex, Stacer, and Savage, marks BRP's first transaction in its process of divesting Marine businesses.
José Boisjoli, President and CEO of BRP, stated, "We are pleased with today's announcement, our first transaction in the process for the sale of our Marine businesses. This transaction follows BRP's decision to sell its Marine businesses to channel its efforts and investments towards its core Powersports activities, thereby enhancing its position for long-term success." The deal is expected to close in the second quarter of BRP's Fiscal 2026, subject to customary closing conditions and regulatory approval.
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