Please ensure Javascript is enabled for purposes of website accessibility

Polaris Buys Quadricycle Maker Aixam Mega

By Rich Smith - Apr 12, 2013 at 11:47AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Aixam Mega makes passenger and light-duty commercial quadricycles in Europe.

ATV, snowmobile, and motorcycle maker Polaris Industries (PII -3.25%) has acquired French on-road "quadricycle" vehicle manufacturer Aixam Mega S.A.S., Polaris announced Thursday.

Quadricyles are four-wheeled, on-road enclosed vehicles characterized by light weight and low speed. In some countries, they may be driven on roads without possession of a regular automobile driver's license. Aixam Mega designs, manufactures, and sells both passenger and light-duty commercial quadricycles under the Aixam and Mega brands.

According to Polaris, the Aixam acquisition is aimed in part at improving the company's "profitability and growth potential" in Europe. Company CEO Scott Wine points out that Aixam is also "an excellent fit with Polaris," and complements the company's plans to build a new manufacturing facility in Opole, Poland.

Polaris did not release financial details on the acquisition, but did say that Aixam did $110  million in 2012 sales, and is expected to be pro forma profitable for Polaris in 2013. 


Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Polaris Industries Inc. Stock Quote
Polaris Industries Inc.
$97.45 (-3.25%) $-3.27

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/25/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.