BRP to acquire powersports business from Kongsberg Automotive.

BRP, a Canadian manufacturer of snowmobiles, all-terrain vehicles, motorcycles, and personal watercraft, agreed to acquire powersports business from Kongsberg Automotive, a provider of technology to the global vehicle industry. Financial terms were not disclosed. "Over the years, we have built a strong relationship based on trust and shared values with KA Shawinigan. We are very enthusiastic about this acquisition, which is in line with our future product strategy, particularly our electrification plan. It will enable us to gain further expertise in mechatronics and bolster our innovation capabilities. We look forward to welcoming over 300 highly trained and skilled employees who are already specialized in developing and manufacturing key components for many of the BRP product lines," José Boisjoli, BRP President and CEO.