YAMAHA Motor Australia Pty. Ltd. (YMA) has announced it has signed a purchase agreement with subsidiaries of BRP Inc., headquartered in Canada, to acquire all the shares of Telwater Pty Ltd (Telwater), an Australian aluminium boat manufacturer.
This acquisition is contingent on obtaining the clearances, permits, etc., required by competition laws and other regulations.
Boasting Iconic brands including Quintrex and Stacer, Telwater has been a pioneering specialist in designing and manufacturing aluminium boats in Australia for almost four decades.
Yamaha said the acquisition of Telwater is intended to strengthen the foundations of Yamaha Motor’s marine business, and the company aims to not only expand its sales network in the country but also reinforce the foundations of its outboard motor business.
Telwater general manager Sam Heyes said: “Telwater’s suite of products have long been regarded as Australian boating favourites. Producing a wide range of the country’s most sought-after fishing, family and cross-over boat models, Telwater products are synonymous with quality – and the same is true of the Yamaha Motor name and its products.”
“It’s an honour to be on board as Telwater embarks on a new voyage. We will continue to be a major part of Australia’s boating culture and with Yamaha Motor now at the helm it means we can not only keep abreast with the latest trends and technological advancements but continue setting the standard,” said Heyes.
