Polaris Acquires swissauto's Powersports

Polaris Industries, a manufacturer and marketer of off-road vehicles (ORVs) including all-terrain vehicles (ATVs), has acquired swissauto Powersports. The acquisition is expected to strengthen Polaris' global engine and vehicle design capability, while also enhancing it's European presence.

swissauto's core capabilities are development, prototyping and manufacturing of internal combustion engines. Reportedly, the four-stroke Weber engine that Polaris uses in several current snowmobile models, was developed by swissauto.

In addition to recreational vehicle engines, swissauto also develops top-tier racing engines for World Motorcycle GP.

Scott Wine, chief executive officer of Polaris, said: Swissauto has industry leading powertrain design and development capabilities and a strong understanding of turbo-charging and high-performance engines. This acquisition directly supports our stated objectives to be the best in powersports and a global market leader.

Polaris acquired the powersports portion of swissauto and will continue to operate in the current swissauto facility located in Burgdorf, Switzerland. Reportedly, the automotive division of swissauto was not involved in this acquisition and will continue to operate autonomously.