Polaris Industries Acquires Brammo
Summary
Polaris Industries Inc. (NYSE: PII) acquired the electric motorcycle business of Brammo Inc.In addition, Polaris is acting as a leading investor in a recapitalization of Brammo that enables the company to focus on the design, development and integration of electric vehicle powertrains.As part of this transaction, Polaris will utilize the assets acquired to begin manufacturing electric motorcycles in the second half of 2015 at its Spirit Lake, IA facility.Brammo designs and develops electric vehicles including the Enertia and Empulse motorcycles and is an OEM supplier of its innovative Brammo Digital Drivetrain systems including the Brammo Power battery pack and Brammo Power vehicle management system.Related News 12/07/2012: Brammo Closes First $13M Tranche of $45M Series C Funding 26/10/2011: Brammo Closes $28M Series B Funding Round