Polaris acquires French company
November 18, 2011
Filed under News
Polaris Industries has acquired a French manufacturer of electric lightweight commercial vehicles.
The acquired company is Goupil Industrie SA out of Bourran, France. Polaris plans to keep the current Goupil staff and continue to operate the brand out of France. Goupil produced $25 million in sales in 2010. Polaris sees the company as a complementary addition to its electric-vehicle fleet, which includes Glocal Electric Motorcars (GEM), which Polaris acquired earlier this year.
"As Polaris continues to deliver outstanding performance and gain market share in our core business, we are excited to acquire Goupil and add to our growing small electric vehicle lineup. We are eager to pursue the natural synergies between their commercial light duty work products and the more people-mover oriented offerings from our GEM business," Polaris CEO cott Wine said.
Read more about the acquisition in an upcoming issue of Powersports Business.
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