-- Yamaha Motor Co., Ltd. (Tokyo: 7272) announces that its subsidiary, Yamaha Motor Australia Pty Ltd., has signed a purchase agreement with subsidiaries of BRP Inc., headquartered in Canada, to acquire all shares of Telwater Pty Ltd. (Telwater), an Australian aluminum boat manufacturer it owns. This acquisition is premised on obtaining the clearances, permits, etc., required by competition laws and other regulations.
Telwater is one of Australia's oldest boat manufacturers and one of the major producers and seller of boats in the southern hemisphere. Telwater is a leader in Australia's aluminum boat market with well-known brands such as Quintrex, Stacer, and Savage, catering to a wide range of customer needs. With decades of experience and advanced manufacturing expertise, Telwater has built a reputation for producing high-quality, durable boats.
The acquisition of Telwater is intended to strengthen the foundations of Yamaha Motor's marine business, and the Company aims to not only expand its sales network in the country but also reinforce the foundations of its outboard motor business.
Yamaha Motor positions the Marine Products business as a core business, and in its new Medium-Term Management Plan announced this February, the Company has made raising the competitiveness of its core businesses part of its basic policy. Going forward, Yamaha Motor will continue to accelerate its growth by making strategic investments, offering attractive products and services, and expanding global sales channels.
Image of the "Stacer" manufactured by Telwater
Telwater logo
Exterior view of the Telwater plant
Release ID: 89156800
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